NEW YORK (MarketWatch)—Can oil futures sustain an admittedly volatile rebound that has left crude prices up around 14% from six-year lows in six sessions? It might all depend on how traders react to storage incentives.
In other words, it won’t be nearby futures contracts that tell the story. The clue will come from how oil futures for delivery months or years into the future perform, strategists say.
First, though, it’s important to note that the oil market is in a condition known as “contango” (see

