Oil Futures For 2027 Have Jumped Almost 20%. Traders Believe Relief Could Take Longer Than Expected.

Source: International Business Times

The increases suggest traders expect oil to remain expensive for longer than they anticipated just weeks ago, although futures prices are not guarantees of what crude will cost when those contracts expire Patrick T. Fallon/AFP via Getty Images Oil traders are increasingly betting that high energy costs will persist well into 2027, with crude futures for delivery next year rising sharply since September as the Middle East war disrupts global supplies. West Texas Intermediate futures for January 2027 delivery reached $97.