Overview

 Points

  • The oil market is in backwardation: a phenomenon where futures with near-term deliveries are marketed at a premium over longer-dated contracts.
  • Market watchers spoke to CNBC about what the backwardation says about investors’ views on the Iran war, with some warning investors may be underpricing risks.

Source: https://www.cnbc.com/2026/03/26/market-trends-oil-futures-backwardation.html