Oil: The left tail is shrinking – TDS

In energy markets, the left tail is shrinking, as strategists at TD Securities note.

Key quotes

“OPEC+ output curtailment is set to officially begin in just a few days, while market forces, such as persistently low prices and storage constraints, are at work to ultimately drive non-OPEC supply significantly lower.” 

“While we anticipate a long road to recovery for crude prices, the left tail may have narrowed sufficiently for market participants to begin eyeing opportunities.”