Notice the big decay on UWTI in just 10 weeks or so.... Back in Feb. when WTI oil was rebounding up to $54.20s/barrel, UWTI was intraday touching around $4. Now with WTI oil up in mid-$55s, UWTI is around mid-$3.20s.
That's a 20% fall-off from decay in just 10 weeks despite more than 2% overall increase in WTI oilprice in the same period.
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