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To Catch A Falling Knife

Market weakest since Covid with heavy one-way selling, contango at storage levels, but risk of sharp reversal remains.
Published: June 30, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
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It continues to rain bears in the North Sea as the relentlessly bearish grind persists, with the physical differential falling to -$1.215/bbl on 30 June.

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Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Martha Dowding

Research Associate, Flux
Martha Dowding

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