Brent crude flips to discount against Dubai, first time since Nov 2023, LSEG data shows
OIL
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 PHOTO
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.
(Reporting by Florence Tan; Editing by Andrew Heavens)
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