Front-month American crude oil futures premiums versus the next month and the seven-month contract have both reached record highs.

Gate News message: On April 2, the front-month U.S. crude oil futures contract (the contract about to expire) set record-high premiums versus the next-month futures contract (the contract expiring next month), and also set record-high premiums versus the seven-month futures contract (the contract expiring seven months from now).
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