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Global oil market in contango amid concerns of oversupply and weak demand
Latest Company News - Finance News Network
English - November 16, 2023 20:45 - 1000 KBBusiness News News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
17 Nov 2023 - The global oil market has shifted into a state of contango, where future prices trade at a premium to spot prices. This change signals growing apprehensions about demand in 2024 and an oversupply issue.