Trump’s Oil Reserve Release Is Reshaping the Futures Curve

As oil traders brace for a historic release from the US Strategic Petroleum Reserve in the form of a loan, they’re dumping prompt barrels and snapping up cheaper supplies further...

By Mia Gindis, Alex Longley · Bloomberg Markets

As oil traders brace for a historic release from the US Strategic Petroleum Reserve in the form of a loan, they’re dumping prompt barrels and snapping up cheaper supplies further out when borrowers will need to repay the government.