The ZEMA graph shows March 2016 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 not changed noticeably over the last month with the overall expectations for the both crudes reaching the 50th territory in three years. Overall, the traders do not foresee much changes in the balance between crude production and demand in the next few years.
Data Sources: NYMEX