Subhead
WTI $47.90 — noon Tuesday
From the Tank Tiger Oil rose for a seventh straight week as
Oil rose for a seventh straight week as December WTI closed last Friday at $49.10 a barrel, trading more than $1.00/ barrel higher than its future price for December 2022. Yes indeed, contango has taken an early holiday.
Of course, none of us want to get a book for Christmas, but that won’t stop some Wall Street fi rms from talking…