Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes

Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes Submitted by Michael Kern of OilPrice.com Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf. Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around  $130 a barrel early ...

By Tyler Durden