The front-month brent spread jumped to $0.27 on Tuesday, the highest level since February. Brent’s forward curve is in full backwardation – a market condition where prices of a futures contract are trading below the expected spot prices at the contract maturity. According to Saxo Bank analysts, it indicates the tightest market conditions in a year, a bullish price development. Brent is currently trading at $56.15 per barrel, representing a 0.25% gain on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cardano prepares to launch new stablecoin while ADA price is on the brink of a 30% move FX Street 1 year The front-month brent spread jumped to $0.27 on Tuesday, the highest level since February. Brent's forward curve is in full backwardation – a market condition where prices of a futures contract are trading below the expected spot prices at the contract maturity. According to Saxo Bank analysts, it indicates the tightest market conditions in a year, a bullish price development. Brent is currently trading at $56.15 per barrel, representing a 0.25% gain on the day. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
