Brent crude’s premium to Dubai slipped to just under $1 a barrel on Friday, its lowest level since January 2021, according to trade sources and Refinitiv data.
Brent’s Exchange Futures for Swaps (EFS) to Dubai dropped to 96-97 cents a barrel at Asia’s market close, the sources said, down from $1.06 on Thursday.
Source: Reuters (Reporting by Florence Tan and Jeslyn Lerh; editing by Jason Neely)