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Oil spreads indicate market is still "tight."

Summary:
The oil market backwardation has narrowed over the past 3 days, but it's still historically high. This is bullish. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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The oil market backwardation has narrowed over the past 3 days, but it's still historically high. This is bullish.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

4 comments

  1. Oh I'm gonna enjoy these "earnings😆"or should I say loosings😉 tomorrow. Keep buying this market boys, we need more blood on the street😉

  2. Дмитрий Фадеев

    Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine sleepfriendd.Online Brünette und eine andereh Blondine. Es wäre unfair, wenn ich 4 wählen würde

  3. Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine verwohntt.online Brünette und eine andereg Blondine. Es wäre unfair, wenn ich 4 wählen würde

  4. Настя Смирнова

    Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine emprutt.ONLINE Brünette und eine anderew Blondine. Es wäre unfair, wenn ich 4 wählen würde

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