A rare smile in future oil contracts .. How did it happen and what do you mean?

The global oil market is currently in a very rare situation, as the price pattern in the short term shows a temporary scarcity to supplies, while in the future it indicates a ‘big surplus’, according to the global investment bank “Morgan Stanley”. ‘Morgan Stanley’ analysts, including Martin Rats and Charlotte Virkins, wrote in a research note: ‘Brent Ru -future curve shows an unusual shape at the moment, as it drops over the first nine decades and then starts to climb. This form is so unusual that it has no historical precedent. ‘ These expectations come after the price of crude oil was influenced this month with the effects of the US trade war, and the movements of the “OPEC+” coalition to increase the offer faster than expected and the increasing expectations of a surplus in the offer. The complications behind the drop in oil prices. These factors included pushing the most important prices of the sharp drop during April, as Brent prices fell by 12%, but at the same time indicate a more complicated situation associated with the time of surplus in the offer. At the moment, Brent contract prices are still closest to the next order, a pattern known as “” “and is considered a sign of optimism, because it appears that traders are ready to pay, in addition to obtaining oil barrels faster. But the curve has in the opposite structure, known as” during 2026: ” Thanks to the market. Stanley “estimates. The price of global oil has recently reached $ 65.56. Analysts said: “Customs duties will become a major obstacle to oil demand. Our special evaluation of the condition of demand and demand for crude oil shows that the demand for oil will be greater than supply in the third quarter, and then the supply of oil becomes more than needed.”