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> Record $50+ gap between oil futures and physical oil

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VP_Spiro_T_Cheney
#1 Today 18:06:08

Record $50+ gap between oil futures and physical oil

Cargoes of physical 40s crude (a North Sea grade) are selling for $150+ per barrel

June Dated Brent $104 a barrel

I cannot explain the size of the gap, the market is not acting rationally.

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