Brent Oil Slips to Rare Discount to Dubai Crude Benchmark

Fears of a coming oversupply are weakening the Brent futures structure, while increased appetite for Middle Eastern crude is supporting the key benchmark prices that the top oil-producing region uses for pricing of barrels loading for Asia. As a result, Brent Crude prices slipped on Monday into a rare, albeit tiny, discount to the Dubai benchmark prices. Brent was trading $0.03 per barrel below the Dubai oil price, the benchmark against which the Middle Eastern producers price their oil loading for their top market, Asia.   The discount of…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com