The oil market is in 'backwardation,' analysts say. Here’s what that means for energy prices
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Source: CNBC
Published: 2026-03-26 17:16 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
Oil prices have been gripped by volatility since the U.S.-Iran war began nearly four weeks ago.
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