Soaring crude futures prices on the Shanghai International Energy Exchange (INE) have opened the arbitrage for traders to deliver in November what could be this year’s highest volumes of crude from the Middle East to the Chinese exchange, trade sources have told Reuters. The prices of the November futures contract on the INE have soared in recent weeks, moving above the international benchmark Brent Crude whose futures are traded on the Intercontinental Exchange (ICE). The higher prices of the Chinese futures have opened the arbitrage window…
