Published: Apr 12, 2026, 12:00 IST | Updated: Apr 12, 2026, 12:00 IST
Oil markets are currently reflecting heightened concern over supply flows. But what are markets betting on in the long-term? Futures prices have shifted into backwardation, a structure where near-term oil prices are higher than future contracts. This typically signals immediate supply tightness or fears of disruption in physical crude availability.