The Brent crude oil spot price spread has surged above $10.
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Golden Ten Data, April 6 - According to foreign media reports, as the war in Iran has entered its sixth week, concerns over the near-term crude oil supply have intensified. The Brent crude oil prompt spread—the price difference between the nearest two contracts—has surged above $10 per barrel, forming a bullish pattern. This spread is not only the largest since the outbreak of the Iran conflict, but also far exceeds the peak seen during the outbreak of the Russia-Ukraine conflict in 2022. Trump often makes contradictory statements regarding the conflict, unsettling investors. At times, the US leader claims the war is about to end, while at other times he threatens to escalate attacks, including targeting civilian infrastructure. Meanwhile, he has a precedent of setting final deadlines that ultimately go unfulfilled.
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