Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Brent Crude Trades in Backwardation on European Demand

Brent crude futures traded in backwardation on the London-based ICE Futures Europe exchange.

Front-month contracts moved into backwardation, a market situation where cargoes for earlier delivery cost more than later shipments, for the first time since Oct. 14.

“Brent moved fractionally into backwardation this morning on strong European demand and attractive margins,” JPMorgan Chase & Co. said in a note today.

The January delivery contract traded at $89.60 a barrel and February was 4 cents cheaper as of 3:08 p.m. local time, according to ICE data.

The Brent futures market was last in prolonged backwardation in the first half of 2008.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.