Dubai Futures: Contango rangebound despite outright price rally

Capt. John

Intermonth spreads for benchmark Dubai crude futures were trading in a well-worn range Thursday morning in Asia, the last trading day for Middle East sour crude for the month of April, even as outright oil prices rallied in double digits globally. At 11 am in Singapore (0300 GMT), the June Dubai...

https://www.hellenicshippingnews.com/dubai-futures-contango-rangebound-despite-outright-price-rally/

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