SXY
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0.00% $4.60 senex energy limited

Brent closed at $41.90. As of Thursday, oil markets are now in...

  1. CEOChair
    26,713 Posts.
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    20/06/20
    08:33
    Post #: 45339801
    Brent closed at $41.90. As of Thursday, oil markets are now in backwardation for the first time since March, ie immediate delivery costs more than contracts for a later date. Considering WTI went negative not long ago, that’s a stunning turn around from the days of contango fandango. I’m not sure how much longer SXY can remain so undervalued?
    Last edited by CEOChair: 20/06/20
    SXY Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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