# COLUMN-OPEC and traders in standoff over oil outlook: Kemp

> Kemp's column says Brent futures rose about $14 a barrel since mid-August to near four-year highs, with the six-month spread swinging into steep backwardation. Oman crude traded at a rare premium to Brent, signaling fears of near-term physical shortages.

- Date: 2018-10-03 · published 2018-10-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62712-column-opec-and-traders-in-standoff-over-oil-outlook-kemp
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Backwardation signals tight prompt supply, supporting energy input costs and the cost base for fertilizer and transport used in feed.

## Read by commodity

- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/oil-prices-kemp/rpt-column-opec-and-traders-in-standoff-over-oil-outlook-kemp-idUKL8N1WI31K/

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