WTI Crude futures backwardation hits extremes as supply risks surge

25th March, 2026

Narayani Srinivasan
oil gig

Extreme backwardation in WTI crude oil derivatives highlights mounting concern over near-term supply risks tied to ongoing geopolitical tensions in the Middle East, a recent CME Group report concluded.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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