#oilUnmoderated tag#oilHotkirax in # oil • 7 days ago • 1 min readBrent Oil Time SpreadsBrent Oil Time Spreads Update The Brent crude oil time spread (2nd to 3rd front-month futures) has collapsed to its lowest level since early March. Key context: The market is pricing in expectations that the Strait of Hormuz could reopen, reducing geopolitical risk premium Despite the sharp drop in spreads, the oil market remains…
