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Brent crude’s premium to Dubai quotes hits widest since Jan 2016

Brent crude’s premium to Dubai quotes hits widest since Jan 2016SINGAPORE: Brent crude’s premium to Dubai quotes rose to $4.30/bbl, the widest since January 2016, on the strength in the European marker, Reuters data showed on Thursday.

A wide spread spurs Asian buyers’ demand for Middle East and Russian crude priced off Dubai, while dampening consumption of Brent-linked grades from the Atlantic Basin.

Copyright Reuters, 2018
 

Source: Brecorder

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