When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NRGZ - Consequences Of Tighter U.S. Crude Fundamentals
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Welcome to the tighter is better edition of Oil Markets Daily!
As we've highlighted in the past, one of the many consequences of much tighter US crude storage fundamentals going forward will be first reflected in physical spreads and different crude qualities. With Alberta announcing a production curtailment to the end of 2020, WCS-WTI spreads are starting to compress meaningfully.
The 2020 spreads have started to compress from $22+ to just around ~$17/bbl. Our estimate shows that, with the market still illiquid for the futures curve, as the months roll over, we should