The oil price structure is indicating a shift towards oversupply as prompt futures premiums are softening compared to later-dated contracts. Increased supply from OPEC+, Latin America, and Europe is ...

Crude oil has support at $50 - OPEC meets in early December. Iran and trade are the two leading issues. Term structure is in backwardation. Buying dips and rolling creates a yield in the current ...

LONDON, Jan 8 (Reuters) - The price of prompt Brent crude futures on Wednesday rose to a near five-month high over the price for oil six months later due to tightening supply and expectations for a ...