HOUSTON (Reuters) -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 ...
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Oil Market Braces for Contango and Shale Slowdown
The prospect of a contango is casting a shadow over oil markets, with the entire 2026 WTI futures curve now trading below $60 per barrel—beneath breakeven levels for most new shale wells.
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Iran War Sends Oil Curve Into Crisis Mode
In war scenarios, nearby oil contracts rally faster than deferred ones, steepening backwardation as traders scramble for prompt barrels.
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