Brent crude futures have just rolled to Nov 15 contracts. WTI Oct 15 futures expire on 22/9. The Nov 15 oil futures are crucial as US oil refineries put in orders in preparation for onset of higher Winter demand in US. This might be the start of crude oil price recovery.
Also, shale oil producers clearly not interested in producing oil at current WTI prices. Rig count and oil well completion are down.
Brent crude futures have just rolled to Nov 15 contracts. WTI...
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