Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 84.29 83.31 82.45 81.68 80.95 80.2 79.8 79.1 78.23 84.74 83.81 83 82.28 81.61 81 80.43 79.9 79.42 78.97 84.73 83.75 83.02 82.29 81.94 81.31 80.69 80.15 78.91 Which of the following statements is FALSE? w 85.54 ME 84.51 83.62 82.91 82.14 81.48 80.96 80.15 79.45 83.97 58,643 83.05 19,941 82.25 13,905 81.48 54,781 80.89 5,798 80.2 2,223 79.53 12,828 79.1 1,583 1,938 a. The crude oil forward curve is in backwardation b. The slope of the forward curve cannot be explained by high interest rate c. The prices mostly declined from prior settle d. Convenience yield must be negative for crude oil right now 78.03 47,147

Which of the following statements is FALSE? a. The crude oil forward curve is in backwardation b. The slope of the forward curve cannot be explained by high interest rat c. The prices mostly declined from prior settle d. Convenience vield must be negative for crude oil right now