Hi All
Just a quick question. When traders refer to buying the spread in the WTI and Brent market, are they referring to buying the near month and selling the far month? Secondly, when spreads are said to be strong, does this mean that the forward curve is becoming relatively more in contango/ relatively less in backwardation?
Thanks
Just a quick question. When traders refer to buying the spread in the WTI and Brent market, are they referring to buying the near month and selling the far month? Secondly, when spreads are said to be strong, does this mean that the forward curve is becoming relatively more in contango/ relatively less in backwardation?
Thanks
