GeneralBullishCrypto Briefing · 4h ago7/10
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Oil market indicator flips to contango as Strait of Hormuz reopens
The Strait of Hormuz has reopened and oil markets have shifted into contango, a structure where future prices exceed spot prices. This development signals reduced immediate supply concerns and may lower energy costs globally, potentially easing inflation pressures but complicating OPEC+ production strategy decisions.
