Brent crude futures climbed higher in the week through December 5th, ticking up $0.55 to settle at $63.75 per barrel—a modest 1% gain from the prior week's $63.20 close.

What caught traders' attention on Monday was the 12-month spread configuration. The curve structure is flashing signals that hint at potential upward price momentum building beneath the surface. When spread dynamics shift like this, it often precedes broader directional moves in the crude complex.

The energy desk is watching whether this technical setup translates into sustained buying pressure or fades as just another head-fake in a choppy trading environment.