{"id":9545,"date":"2009-01-05T00:00:00","date_gmt":"2009-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"oil-curve-steeper-than-99-shows-crude-may-gain-in-09-on-opec","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/oil-curve-steeper-than-99-shows-crude-may-gain-in-09-on-opec.html","title":{"rendered":"Oil Curve Steeper Than &#8217;99 Shows Crude May Gain in &#8217;09 on OPEC"},"content":{"rendered":"<p>Bloomberg &#8211; The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. <\/p>\n<p>The so-called forward curve of futures contracts traded on the New York Mercantile Exchange suggests oil will rise 30 percent to $60.29 a barrel by December. The curve looks almost the same as 10 years ago, after Russia&rsquo;s default and the collapse of the Long-Term Capital Management LP hedge fund raised concerns that a global economic slowdown would reduce energy demand. Crude prices fell 25 percent in the final quarter of 1998, the steepest drop in seven years. <\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=akNiKqu8w4hE&#038;refer=home\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. The so-called forward curve of futures contracts traded on the New York Mercantile Exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2926,1302,440,5066,5064,4979,5062,4504,5063,1409,5065,672,1092,969,5068,5067,2014],"class_list":["post-9545","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-10-years","tag-collapse","tag-crude-prices","tag-energy-demand","tag-forward-curve","tag-futures-contracts","tag-global-economic-slowdown","tag-investors","tag-long-term-capital-management","tag-long-term-capital","tag-new-york-mercantile-exchange","tag-new-york-mercantile","tag-plunge","tag-rally","tag-russia","tag-seven-years","tag-york-mercantile-exchange"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9545"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9545\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}