As of yesterday: Source: Barchart, accessed 6/27/2026. Literally, prices are higher near future than front month, which is different from backwardation (which wasAs of yesterday: Source: Barchart, accessed 6/27/2026. Literally, prices are higher near future than front month, which is different from backwardation (which was
Brent in Contango
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As of yesterday:
Source: Barchart, accessed 6/27/2026.
Literally, prices are higher near future than front month, which is different from backwardation (which was typical during most of the war).
This seems to coincide with a recent drop in re-opening expectations.
Source: Kalshi, accessed 6/27/2026 4:45pm.
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