Trading crude oil futures china’s latest import data showed crude

China’s latest import data showed crude arrivals up 9% year-on-year, underpinning bullish sentiment in trading crude oil futures. Spot market premiums in Asia reinforce the futures curve structure, maintaining backwardation into Q Prices are trading below this year's peaks of $82 per barrel but above $60 per barrel seen in May. The July-loading FOB premium in Argentina was up by 3 cents per bu to 20 cents per bu over July CME futures. Analysts tracking trading crude oil futures note open interest rising to a 10-month high, with speculative buying driven by geopolitical tensions in the Middle East. The short-term technical resistance sits at $82.40, while a break above could see momentum funds push prices toward $