Backwardation in full action.BZ1!-BZ2!NYMEX_DL:BZ1!-NYMEX_DL:BZ2!AMGT20The 1st month of futures contract of Brent is more expensive than the 2nd month. Normally it should be other way around because of carrying cost. So not contango but backwardation. Means FEAR in market. So Oil goes higher and equities go low.