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WisdomTree summarizes a podcast with Citi's Ed Morse, who expects commodities to shift from contango to backwardation as supply tightens. He sees Q4 oil supply down 9-10% year over year against demand down 4-5%, drawing inventories.
Tightening oil balances and a move to backwardation raise crude prices and raise input costs for biofuels and freight, which feeds through to feed-ingredient economics.
在过去 487 次看涨的宏观事件之后,原油(WTI) 在 5 个交易日内中位数变动 +1.0%(60% 上涨;中间一半区间为 -2.0% 至 +4.0%),20 个交易日内为 +1.5%。
在过去 323 次看涨的宏观事件之后,原油(Brent) 在 5 个交易日内中位数变动 +0.7%(58% 上涨;中间一半区间为 -2.9% 至 +3.7%),20 个交易日内为 +1.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。