The Dubai benchmark oil prices, a bellwether of demand in Asia, have weakened in recent weeks, reflecting concerns about oil consumption in the most important crude oil importing region. The premium of the international benchmark Brent Crude to the Dubai swaps widened to $6.71 per barrel on Monday, up from just over $5 per barrel at the end of September, according to Bloomberg’s estimates. In addition, the U.S. benchmark, WTI Crude, had flipped by mid-October to a slight premium over the Dubai swaps – the benchmark off which…
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