Seasonality of WTI Crude Oil Futures
Summary
- WTI Crude Oil futures is currently priced around the 30-year average. This makes the market on par with the longer-term average of the front-month futures contract.
- The 30-, 15- and five-year seasonality averages of WTI Crude Oil front-month futures show declines in the second half of the year.
- The seasonality data offers evidence for crude oil to form a long-term bottom.
Earlier this year, crude oil bounced off its multi-year low, and many market participants are now READ MORE
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