The likelihood that Brent crude oil would follow WTI into negative territory was never a real possibility, one market assessment read. In the US shale patch, it looks like the worst is over, said a pipeline operator. Sentiments like these have put a soft floor under Brent at around $30 per barrel and the futures curve is flattening.
Looking ahead, however, and many economists are expecting a long, slow and volatile recovery. Managing the path forward requires predictive analysis into the unknown and few players have the ability to pivot fast enough to avoid major