Brent crude futures flipped to a discount against Dubai swaps on Wednesday, the first time since November 2023, LSEG data showed.

The Brent-Dubai Exchange of Futures for Swaps (EFS) was assessed at minus 2 cents a barrel at Wednesday’s market close at 0430 GMT, LSEG data showed.

The discount has since widened further to 14 cents a barrel, two trade sources said.
Source: Reuters (Reporting by Florence Tan; Editing by Andrew Heavens)