It  has been an interesting week her on the NYMEX as the flatprice in crude has rallied to new highs at $87 but the wti spreads have weakened considerably especially in the front months as now May/June and June/July have a handle of -63 on it now.  Jun/Dec has weakend all the way from -130 to -230.  The backs are holding up well with Dec10/Dec11 trading at -135 but this has also come down from -90.  Is this a sign that the flatprice will come off in the next few days?  It may be a sign but just wait and see what happens on Wednesdays inventroy report.

This entry was posted on Thursday, April 8th, 2010 at 12:30 am and is filed under Energies. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.