Oil Futures Signal Growing Market Tightness

摘要

Oil futures contracts are indicating an increasingly tight market going forward, contradicting forecasts that see oil supply well above demand with inventories rising in the coming months. Oil futures are pricing in a growing output disruption in Libya that is closing in on an assessed 400,000 barrels per day and a potential outage in Kazakhstan, where the oil is still Uowing despite some oil workers supporting the civil uprising.