U.S. crude oil inventories increase as WTI contango deepens (3/11/2015)

In recent weeks, the price of West Texas Intermediate (WTI) crude oil for near-term delivery declined relative to the price for longer-dated deliveries, deepening the contango in the Nymex WTI futures market. At the same time, the contango in the ICE Brent futures market lessened as the price of near-term Brent crude oil prices rose (Figure 1). ... More »