Workflow
Oil futures backwardation
icon
Search documents
US oil futures backwardation narrows to 20-month low on mounting fears of a glut
Reutersยท 2025-10-13 20:48
Front-month U.S. crude oil futures ended Monday's trading at their smallest premium since January 2024 over the seventh-month contract, as OPEC+ ramps up supply while seasonal refinery maintenance in the U.S. pressures demand for prompt barrels. ...