Dubai Benchmark Slips Into Contango for the First Time Since July
OilPrice.com · Charles Kennedy ·
The Dubai benchmark has slipped into contango for the first time since July as Gulf crude flows rise and Asian refiners, especially in India, buy more.
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The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz.
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