Wild Oil Market Sees Record Contango as Expiry Nears
A freight train passes by oil storage tanks at the Volodarskaya line operation dispatcher station (LODS), operated by Transneft PJSC, in Konstantinovo village, near Moscow, Russia. (Photographer: Andrey Rudakov/Bloomberg)

Wild Oil Market Sees Record Contango as Expiry Nears

(Bloomberg) -- Oil in New York has slumped to its weakest structure on record as the current contract nears expiration, adding extra volatility to a market that’s grappling with a glut and evaporat...
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