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Glencore Said to Store Oil at Sea Off Singapore in Contango Bet - Bloomberg

Bloomberg

Glencore Said to Store Oil at Sea Off Singapore in Contango Bet
Bloomberg
While the oil market has been in contango since 2014, the premium fetched by future cargoes increased to the highest since February last month. The price difference between a Brent oil contract for immediate delivery and a year forward is at about ...

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