Futures premium structure appears, with physical crude oil premiums declining, and the supply and demand pattern in the oil market is subtly shifting. Short-term price pressures are worth paying attention to.

CoinWorld News: As the US-Iran agreement reopens the Strait of Hormuz, increasing oil supplies in the Middle East, the Brent crude near-month spread has turned into a futures premium for the first time since February, meaning the near-month contract price is below the next-month contract. This structure usually signals expectations of oversupply. This is the latest in a series of signals indicating that as physical crude oil premiums decline, the oil market is softening. Earlier today, Brent crude prices fell below $75 per barrel for the first time since the outbreak of the Iran war. Meanwhile, before Brent crude turned into a futures premium, the Dubai market in the Middle East also showed a similar trend recently.