Fifth ramp in 5 days takes WTI crude back above $49 for the first time in 2 weeks... on the heels of record production, record streak of inventory builds, and record inventory at Cushing. The 1Y spread has compressed to 2-month lows...
WTI melts up...
Contango at 2-month lows...
as the whole curve flattens...
Just a chart of the most active energy futures contracts today: pic.twitter.com/AXsAJjzRYX [8]
— Eric Scott Hunsader (@nanexllc) March 25, 2015 [9]
Charts: Nanex and Bloomberg


