Brent oil structure, physical markets reflect fears of supply glut
Reutersยท2025-10-20 16:58
Core Viewpoint - The discount of Prompt Brent crude futures to the six-month contract has reached its deepest level since December 2023, indicating a perception of ample supply as OPEC+ and other producers increase output [1] Group 1 - The discount for Prompt Brent crude futures reflects market sentiment regarding supply levels [1] - The current situation suggests that OPEC+ and other producers are ramping up their output [1]