Oil Market Backwardation to Remain, Vanda Insights Says

The video discusses the current market dynamics, focusing on supply and demand factors affecting oil prices. Key influences include US stock trends, Iran sanctions, and emerging market turmoil. The concept of backwardation in Brent crude is explained, highlighting market tightness and future price expectations.

What challenges are presented in quantifying the impact of emerging market turmoil on demand?

Explain the concept of backwardation in the context of the oil market as described in the text.