RPT-COLUMN-Oil market hits a cyclical pause: Kemp | Reuters:
Brent crude futures prices are trading in contango for the first time in 10 months, as traders anticipate an increase in crude availability during the remainder of 2018.
The Brent calendar spread for the first six months slumped into a contango of 43 cents per barrel on Monday, from a backwardation of $3.50 as recently as April 26.
Brent futures are trading in contango for the four contracts closest to delivery, from September 2018 through January 2019 (tmsnrt.rs/2JP7ykb).
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