# US oil futures backwardation narrows to 20-month low on mounting fears of a glut | Reuters

> WTI November futures settled at $59.49 on October 13, while the May 2026 contract settled at $59.02, a 47-cent prompt premium. The spread was the narrowest since January 2024, signalling growing glut fears.

- Date: 2025-10-13 · published 2025-10-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22565-us-oil-futures-backwardation-narrows-to-20-month-low-on-mounting-fears-of-a
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A narrowing backwardation signals weakening near-term tightness and oversupply expectations, which tend to pressure crude and diesel prices.

## Read by commodity

- WTI: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-oil-futures-backwardation-narrows-20-month-low-mounting-fears-glut-2025-10-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.