Crude Oil

April 07, 2025

Crude prices tumble, but traders are eyeing the spreads

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Featuring Herman Wang

Crude prices are reeling from tariffs, but it is often the spread between two benchmarks, or the differential, that can explain how the market is working. In recent weeks, the Brent-Dubai Exchange of Futures for Swaps has trended sharply lower, prompting Asian refiners to adjust their buying strategies.