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Hawks declare more rate hikes, history and another market say not for long.

Eurodollar University

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Oil Futures Curve - Contango Versus Backwardation

The crude oil futures curve can make another compelling case about economic as well as monetary fundamentals. Backwardation is when you see prices that are lower in the future than they are today, which incentivizes producers and those who have whatever commodity to ship it into the market. There's a disincentive and extreme disincentive in cases where supplies are tight to store oil because the price of oil in the future is lower than it is today.

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