| From Dow Jones: The contango structure of the oil futures curve is expected to persist for some time, according to Mohammad Alipour-Jeddi, head of the petroleum studies department at the Organization of Petroleum Exporting Countries.
Contango--a situation where near-term futures prices are cheaper than prices further into the future--is expected to boost oil inventories in storage, Alipour-Jeddi said at energy news and pricing agency Platts' crude oil markets conference..............................................Full Article: Source
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