Survy: Banks gain a cushion in commodity price decks

摘要

Banks found softer seating this spring as the cushion between current crude prices and forward price decks deepened. The second-quarter Macquarie Capital Energy Lender Price Survey puts front-year prices at $37.8/bbl for oil, or 80 of WTI prices at the time it was conducted. Fifth-year pricing of $51.14 was 90 of WTI. Overall, lenders boosted the front years in their pricing outlooks but remained cautious further out. resulting in a flattening price curve.