NEW YORK, July 5 (Reuters) – Brent crude futures for November delivery on Tuesday traded below $100 a barrel for the first time since mid-May, according to data from Refinitiv Eikon, highlighting a market structure pointing to a tight US oil market suggests short term.
Crude oil futures extending past November into at least the middle of next year were all trading below $100 a barrel on Tuesday. Oil futures have been trading backwards, a structure where the current price of oil is trading at higher levels than…
