CNBC | Return to 'backwardation' gives glimmer of hope to oil bulls Financial Times Brent crude futures have begun to show signs that the oil market is starting to believe a rebalancing is underway with near-term oil prices higher than those for delivery in the future, a market structure known in industry jargon as backwardation ... OPEC's oil output hits a 2017 high, another setback for its deal to pump less Oil prices pull back; natural-gas futures rally OPEC sees higher 2018 oil demand, points to easing glut |