Following the much covered moves by the US......>

OIL: Following the much covered moves by the US Oil Fund (USO) earlier this week

to shift WTI futures exposure from the June contract further up the curve, one

of the the largest commodity indices, the GSCI Commodities series says it is to

shift all WTI exposure away from the June contract due to the risk that June

futures repeat the pattern seen in recent weeks and trade at a negative price.

- S&P Dow Jones, the managers of the index, state their intention to pre-roll

all WTI June exposure into the July contract today.

- Jun'20 WTI sits just above $10/bbl, with the Jul'20 contract much healthier at

around $18/bbl last.