 The one-year oil curve fell into contango today as front-month prices continued to crumble. I think the focus on the curve structure is overdone, especially with uncertainty about Chinas reopening timeline, but that likely kicked off a final press towards 70.Bidders just above 70 finally stepped in, some perhaps on hopes for an OPEC leak or Russian action on the weekend. The low was 70.06 and it has quickly rallied to 71.50.70 is also more than just a big round number. US... 