# GRAPHIC-Oversupply fears cloud outlook for U.S. crude in 2019

> An increasing number of later-dated U.S. crude futures contracts are trading at a premium to nearby prices. This shift signals that the market expects supply to outpace demand through 2019 and into 2020.

- Date: 2018-11-15 · published 2018-11-15T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6663-graphic-oversupply-fears-cloud-outlook-for-u-s-crude-in-2019
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A forward curve moving into contango signals expected oversupply, which tends to keep crude and energy-linked costs subdued for feed buyers over the coming year.

## Read by commodity

- WTI: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2018-11-27 | 5 | -9.9% | -3.0 | Futures curve shift toward contango signals expected oversupply through 2019, a supply-driven bearish factor that sustained the selling. |

## Sources

- reuters.com: https://www.reuters.com/article/usa-oil-prices-supply/rpt-graphic-oversupply-fears-cloud-outlook-for-u-s-crude-in-2019-idUSL2N1XQ0LM/

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