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home / news releases / PXJ - Data Insight: How 'Backwards' Is The Oil Market?


PXJ - Data Insight: How 'Backwards' Is The Oil Market?

  • The last time commodities outperformed global equities in a consecutive two-year period where returns were positive for both asset classes were back in 2004-2005.
  • The brent curve has broadly remained in backwardation since the beginning of 2021 as OPEC+ began to curtail production to balance the market once the COVID pandemic began.
  • The United States strategic petroleum reserve currently reads 577.5 million barrels which is almost at a ten-year low.

For further details see:

Data Insight: How 'Backwards' Is The Oil Market?
Stock Information

Company Name: Invesco Dynamic Oil & Gas Services
Stock Symbol: PXJ
Market: NYSE

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