Brent crude for February settlement flipped to trade at a discount to the March contract for the first time since March, excluding the days when the contracts expire. The oil market flashed its biggest bearish signal in months on Tuesday, indicating oversupply could be on the horizon through the first quarter of 2022. Brent crude for February settlement flipped to trade at a discount to the March contract for the first time since March, excluding the days when the contracts expire. The so-called prompt spread is actively traded by both physical and financial oil players, making it one of the most liquid parts of the oil futures curve and a gauge of near-term supply and demand balances. The switch to negative territory – known as contango – could also deter investors who have a neutral view on oil from jumping into the market in the hopes of collecting yield […]