Middle East conflict triggers 'ferocious' backwardation in oil markets (CO1:COM:Commodity)
· seekingalpha.com
Escalating Middle East conflict drives Brent crude into ferocious backwardation as supply risks surge.
Escalating tensions in the Middle East have thrown Brent crude (CO1:COM) (BNO) markets into a “ferocious” backwardation as traders panic over prolonged supp...