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Oil Backwardation: My Trade for the Q2 2026 Squeeze
The spread between the front-month May WTI contract (CL K6) and the December contract (CL Z6) blew out to over $8 this morning. Eight dollars. Let that sink in. The market is willing to pay a massive premium for a barrel of oil *right now* versus one delivered in nine months. This isn't just a number on a screen; it's a five-alarm fire signaling a ...
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