ZUG OIL
The Vanderbilt Terminal for Oil & Energy Trading Intelligence
INDEPENDENT INTELLIGENCE FOR SWITZERLAND'S OIL AND ENERGY TRADING SECTOR
Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+| Brent Crude $74.20/bbl| WTI Crude $70.80/bbl| TTF Natural Gas €41.80/MWh| Swiss Oil Trade 35% global| Gunvor Revenue $110B+| Mercuria Revenue $120B+|

Commodity Markets

Contango and Backwardation: Commodity Futures Curve Structures

When commodity traders speak of the “shape of the curve,” they are referring to the relationship between prices for delivery today versus prices for …

24 Feb 2026