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Oil Price Avoidance is Lightweight as Jumps to the Physical Crude Demand



In a sign that oil markets have returned to relative normality, the once-yawning gap between the price of an actual physical barrel of oil and futures prices has diminished.

At its worst in April, a barrel of oil in the North Sea cost $ 10 less than the price in a Brent oil futures contract, a decade-long gap for benchmark oil prices worldwide, according to at S&P Global Platts. Today, the space is down to less than $ 2 a barrel as oil market balances and traders are no longer in panic mode to find buyers for unwanted …


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