WS #10594

14:13→14:42 UTC

From 500 msgs · 10 key-dev

Oil spread flips to contango as Hormuz supply climbs, WTI loses $70, energy stocks (XLE) crushed, S&P Global sees $70-$85 range.

Oil weakness and energy sector decline

Oil spread flips to contango as Hormuz supply climbs, WTI loses $70, energy stocks (XLE) crushed, S&P Global sees $70-$85 range.