Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp
U.S. crude oil inventories have begun to deplete, especially around the NYMEX futures delivery point at Cushing in Oklahoma and across the Midwest, creating conditions for a squeeze on nearby futures prices. Front-month futures prices and calendar spreads have already risen consistently since the middle of December as traders react to signs the market is …
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