Infographic: Bank turmoil hits oil markets but fears of 2008 repeating itself look overdone

Oil traders were weighing the prospect March 20 of a new global banking crisis similar to 2008 hitting hydrocarbons demand, but a backwardated market structure signals prices could be more resilient to financial turmoil. The sudden collapse of Silicon Valley Bank in the US and emergency takeover of Credit Suisse with the help of Switzerland’s central bank have helped to…