BusinessDay
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Dated Brent falls to $17 as physical, futures markets diverge

Brent and West Texas Intermediate futures are holding above $20 a barrel, while prices of actual barrels are in freefall. The difference between paper market trades and the real barrels has widened to multi-decade highs in some cases, suggesting financial flows are supporting the futures market, according to analysts. With demand weakening and Saudi Arabia…



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