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As expectations of a supply glut emerge, the near-month spread for Brent crude has shifted to a futures premium for the first time since February
Svmuu News: With the reopening of the Strait of Hormuz following the U.S.-Iran agreement, oil supplies in the Middle East have increased, causing the Brent crude near-month spread to shift to a future
-
As expectations of a supply glut emerge, the near-month spread for Brent crude has shifted to a futures premium for the first time since February
Svmuu News: With the reopening of the Strait of Hormuz following the U.S.-Iran agreement, oil supplies in the Middle East have increased, causing the Brent crude near-month spread to shift to a future
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Oversupply
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