February 2026 Brent Plunges Below $60, Market in Contango Through 2030 ($68)

Reporting and opinion by Mathew Carr

ICE FUTURES EUROPE

June 2025 at $60.63 a barrel …weirdly this is being offered to me on ICE’s website as the front month.

ICE should be sanctioned by regulators if it’s keeping what’s going on in the front month from the wider public … markets should be transparent and ICE Futures Europe seems to be outside the rules of its licence to operate.

Natural gas market gives me May 2025 as the front month, even though the April contract should be still trading? Comments to mathew@carrzee.net.

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