UPDATE 1-Record wide gap opens in U.S. oil futures contracts
An extreme situation has developed in
the U.S. crude oil futures markets, as the current front-month
May contract, due to expire Tuesday, has dropped by a whopping
36%, opening up the widest gap between it and the next contract
ever, at nearly $11 a barrel.
the U.S. crude oil futures markets, as the current front-month
May contract, due to expire Tuesday, has dropped by a whopping
36%, opening up the widest gap between it and the next contract
ever, at nearly $11 a barrel.
Posted by Reuters
