Strategy Report
Messages From Commodity Curves
Oil, copper, and gold futures curves have recently experienced abnormal shifts and twists. Brent is no longer fully backwardated, copper curves on the LME and CME have diverged, and gold is in a steep contango.
We examine the drivers and implications of these shifts for prices and curve structure across the three commodities.
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BCA Research | Commodity & Energy Strategy
Global Fixed Income Strategy, US Bond Strategy, Foreign Exchange Strategy, and Commodity and Energy Strategy.
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