Skip to content

Oil Rally Pauses as Curve Shows One of the Tightest Markets Ever

  • Dated Brent hits $100, some timespreads strongest on record
  • Oil fluctuates around $90 a barrel on Russia, Iran news
Video player cover image
Oil Prices Won't Impact Pioneer's Growth Plans, CEO Says
Updated on

Oil fell Thursday even as the futures curve continued to signal one of the strongest periods the market has ever seen amid ongoing price volatility. 

Futures in New York closed 2% lower. Geopolitical risks, including the potential return of Iranian barrels and political tension around Ukraine, have kept prices swinging throughout the week. That volatility has rippled across the market’s forward structure.