Key Oil Spread Flips to Contango as Supply From Hormuz Climbs
A closely-watched oil market indicator flipped into a bearish structure for the first time since February, as the US-Iran agreement to reopen the Strait of Hormuz boosts flows from the...
By Mia Gindis, Alex Longley · Bloomberg
A closely-watched oil market indicator flipped into a bearish structure for the first time since February, as the US-Iran agreement to reopen the Strait of Hormuz boosts flows from the Middle East.