The Traderszone Network

Published in TZ Latest News 10 February, 2016 by The TZ Newswire Staff

For the oil traders – 3 traders confirm deals at negative $2.50 and $2.75 /bbl

The headline is truncated, they often are. More:
– U.S. refiner Phillips 66 dumped crude for immediate delivery in Cushing on Wednesday
– The unusual sales of excess oil added pressure to the March/April WTI futures spread, with the front-month discount widening to as much as $2.37 a barrel on Wednesday, the most since November