GLOBEALERT
BUSINESS● LOWOct 5 · Oct 5, 2026, 3:19 PM

6 months in backwardation: Oil futures refuse to price prolonged war risk

Seeking Alpha Tech · global

Oil futures have been in a state of backwardation for six months, indicating that the market is not currently pricing in a prolonged risk of war. This suggests market expectations about future oil supply and demand.

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