Physical Crude Prices Rise, Remain Lower Than Futures

摘要

Physical oil prices have rallied in North America as producers slash output, but the gap between them and the value of futures contracts remains wide and the upward momentum is fragile. US benchmark West Texas Intermediate (WTI) futures have rallied over $62 since bottoming out late last month, with the June contract trading around $26 per barrel. But this rise has outpaced gains for physical WTI.