Crude Oil Prices Fall as Market Backwardation Weakens Ahead

Crude oil prices are weaker in APAC trading hours as traders eye OPEC's MOMR and EIA inventory data. Meanwhile, key oil spreads are weakening, suggesting more losses lie ahead.

Related Keywords

China , United States , Iran , Washington , Tehran , Chinese , Iranian , American , Thomas Westwater , Oil Technical Outlook , Energy Information Administration , Organization Of The Petroleum Exporting Countries , Brent Oil , Oil Market Report , Oil Daily , American Petroleum Institute , Crude Oil , Technical Outlook , Energy Information , Petroleum Exporting Countries , Oil Technical , Simple Moving Average ,