Liam Denning, Columnist

In Today's Oil Market, It's America Last

All the hopes for tight supply and demand are focused overseas.

October 31, 2017 at 6:00 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

America is, as you know, a bit different from the rest of the world. Lately, this exceptionalism has been more noticeable than usual in the oil market:

It isn't just the outright price where a gap has opened up. The shape of the futures curves -- how barrels for delivery down the road are being priced -- for U.S. and international grades of crude oil are also striking different poses: