Published Jun 24, 2026, 9:22 AM ET · Updated 5 months ago · 1 source
Key Oil Spread Flips to Contango as Supply From Hormuz Climbs
bloomberg
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Original Report
INFERY
A closely-watched oil market indicator flipped into a bearish structure for the first time since February, as the US-Iran agreement to reopen the Strait of Hormuz boosts flows from the Middle East.