(This post originally appeared on the author's blog, The Oil Drum. This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.) The Hubbert model says that ...

The forward curves of oil futures prices strengthened, particularly for NYMEX WTI and GME Oman, with near-month time spreads shifting into a wider backwardation, reflecting a more optimistic outlook.

That's the **whole curve, including the contract for immediate delivery**. Let's see if the Biden administration pulls the trigger.” Of course, the public loves low oil prices. Last year’s ...

The ICE Brent-NYMEX WTI first-month spread contracted, m-o-m, falling by 43 cents to average USD 3.43/b. The forward curves of oil futures prices strengthened, particularly for NYMEX WTI and GME Oman, ...