So, before we get into the assessment, I would just like to highlight what really happened. So, there was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories.
Crude oil hovers below $95 amid Iran war peace talks. What to expect next?
Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual