Oil: Futures to Remain in Backwardation Amid Mideast Tension

  • 14 May 2018
  • By Blu Putnam

Spot oil prices are expected to remain higher than futures further out along the maturity curve amid the simmering tension in the Middle East over Iran.

About the Presenter

Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.

View more reports from Blu Putnam, Managing Director and Chief Economist of CME Group.

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