Pakistan’s Oil Shock Ladder — A Strange Signal from Oil Markets



Update to the Pakistan Oil Shock Ladder thread. Something unusual is happening in oil markets.

On Friday:
Brent closed around $103.86
Dubai crude closed around $127.86
That is a $25+ gap between the two.

Historically, this makes little sense. (See charts)

Normally, Brent trades at a premium to Dubai crude, typically $1–4 per barrel.

Brent is lighter, easier to refine, and closer to Western markets. So the usual structure is: Brent > Dubai

Today we have: Dubai >>> Brent
And not by a little.
#Oil #Crudeoil $XTIUSD
XTIUSD-1,5%
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