Futures Markets News Oil 

Investors see big oil surge, but physical markets suggest caution

“Spot crude prices are at their steepest discounts to futures prices in years due to weak demand from refiners in China and a backlog of cargoes in Europe” writes Midwest Communications Inc for 95kqds.com. In the weeks before Trump’s decision, hedge funds and others piled a record number of bets into bullish crude oil options.”Once you get past that, all of a sudden (you’re) looking at 3 million barrels per day of fresh crude consumption.”. But physical markets for oil shipments tell a different story.
Source: 95kqds.com

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