The ZEMA graph shows December Brent and WTI forward curves in comparison to the previous month’s forward curves, based on NYMEX average settle prices. Units are in USD/bbl.
The curves for the both benchmarks have shifted down even more especially in the near months indicating that traders expect no crude prices recovery in the near future. Brent assumed its usual position above WTI increasing the spread over the month.
Data Sources: CME, NYMEX