Dubai Futures: Brent/Dubai spread narrows amid rebalancing hopes

Capt. John

Benchmark Dubai crude futures’ premium over ICE Brent narrowed in mid-morning trading hours on Wednesday, with some form of market rebalancing slowly taking shape from OPEC+ production cuts and easing of global COVID-19 related quarantine measures. Oil markets are responding to “the OPEC+ cut, as...

https://www.hellenicshippingnews.com/dubai-futures-brent-dubai-spread-narrows-amid-rebalancing-hopes/

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