Middle East crude-Dubai premium falls to over three-month low

USO•2026-11-10

The spot premium for Middle East crude benchmark Dubai fell to its lowest since July 20, dropping $1.22 to 25 cents a barrel as rising supply expectations and ample offers weighed on the market.

1. Dubai premium declines

Cash Dubai’s premium to swaps fell $1.22 to 25 cents a barrel, its lowest since July 20. The market faced pressure from ample offers and a rising supply outlook.

2. Supply concerns in focus

Oil prices extended losses after Donald Trump downplayed the need for additional military action against Iran, easing fears of sustained Middle East supply disruptions. The United Arab Emirates energy ministry was selling 1.7 million barrels of Arab Light crude through a rare tender, a document showed.

Middle East crude-Dubai premium falls to over three-month low

1. Dubai premium declines

2. Supply concerns in focus

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