‘Better Odds At The Neighborhood Craps Game’

Oil continued to dominate headlines on Tuesday as S&P Dow Jones said it will pre-roll its WTI contracts to July, the latest evidence that the first-month will be personae non grata as long as everyone remains terrified of delivery in an environment where there's simply nowhere to store the stuff. "It’s not particularly unusual for the second month to be more liquid than the first as expiry approaches, but it’s less usual to completely skip a month as happened here", Bloomberg's Eddie va