🌐 Global Economy Jun 27, 2026 · Menzie Chinn

Brent in Contango

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Brent in Contango
Source ↗ 👁 1 💬 0
As of yesterday:


Source: Barchart, accessed 6/27/2026.
Literally, prices are higher near future than front month, which is different from backwardation (which was typical during most of the war).
This seems to coincide with a recent drop in re-opening expectations.

Source: Kalshi, accessed 6/27/2026 4:45pm.
 

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