


| Oil Is On The Cusp Of Breaking Out - Seeking Alpha |
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Positive vaccine data combined with a material improvement in the physical oil market suggests WTI/Brent is on the cusp of breaking out. Brent timespreads are now close to backwardation despite Europe's demand still being down due to renewed lockdowns. China, and especially Asia, has seen demand being higher y-o-y.
Posted: 2020-11-23 23:30:00
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