Soured up

Published at 12:23 18 Apr 2017 by . Last edited 17:32 18 Apr 2017.

Away from all the daily range-bound trading, there are some strange things going on in the oil market. The Brent-Dubai EFS has narrowed to below $1, yet June/July Dubai spreads are -55 cents. A narrow EFS should be supportive for Brent and WTI spreads as this allows for more arbitrage crude flows. Y..

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