{"id":371035,"date":"2026-06-23T03:01:14","date_gmt":"2026-06-23T03:01:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/371035\/"},"modified":"2026-06-23T03:01:14","modified_gmt":"2026-06-23T03:01:14","slug":"oil-glut-bets-make-comeback-as-crude-sinks-after-us-iran-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/371035\/","title":{"rendered":"Oil Glut Bets Make Comeback as Crude Sinks After US-Iran Deal"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">A slew of all-but-forgotten niche option positions betting on an oil glut are coming back into play as crude futures slump following a peace deal between the US and Iran. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Before the US attacked Iran, some traders had bet that a surplus of crude oil would pull near-term prices below later futures, a market structure known as contango. After the attack, however, prompt prices soared on concern about supply shortages. In late April, August West Texas Intermediate crude futures briefly surged above $5 a barrel over the September contract, which in turn was $4 above October.   <\/p>\n","protected":false},"excerpt":{"rendered":"A slew of all-but-forgotten niche option positions betting on an oil glut are coming back into play as&hellip;\n","protected":false},"author":2,"featured_media":371036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[7273,150330,6774,9659,9660,19378,131,133,132,3956,9066,564,575],"class_list":["post-371035","post","type-post","status-publish","format-standard","has-post-thumbnail","category-long-beach","tag-august","tag-commodity-futures","tag-energy","tag-generic-1st-cl-future","tag-greener-living","tag-iran","tag-long-beach","tag-long-beach-headlines","tag-long-beach-news","tag-markets","tag-middle-east","tag-texas","tag-u-s-immigration-and-customs-enforcement"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/371035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=371035"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/371035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/371036"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=371035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=371035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=371035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}