Since January of 2019, Crude Oil futures /CL are up more than 35%. With this movement, the forward curve has also seen a shift towards a contango state.
The US is not only the worlds largest oil producer, but is also its largest consumer. This information, coupled with a stronger dollar relative to other currencies, has impact the price of crude oil in non-dollar terms.
Tune in as Pete Mulmat walks through a few of these pairs and uncover a trade idea that capitalizes on changes in the forward curve.