UPDATE 2-Expiring U.S. crude oil futures contract posts ‘epic’ 40% slide
An extreme situation has developed in
the U.S. crude oil futures markets, as the current front-month
May contract expiring on Tuesday has dropped by a whopping 40%,
opening up the widest gap ever between it and the next contract,
nearly $11 a barrel.
the U.S. crude oil futures markets, as the current front-month
May contract expiring on Tuesday has dropped by a whopping 40%,
opening up the widest gap ever between it and the next contract,
nearly $11 a barrel.
Posted by Reuters
