U.S. Oil Contango Widest in Five Months as Stockpiles Weigh

Updated on
  • WTI front-month contract settles at lowest level in 2 months
  • Inventories highest for October since 1930 amid robust supply

The discount on front-month U.S. crude futures widened to the most in five months after inventories reached the highest level for the season in 85 years.

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