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Asia is expected to increase imports of US WTI crude in the fourth quarter as Middle East benchmarks Dubai and Murban strengthened, opening an arbitrage window. A cargo was reportedly sold to Japanese refiner Taiyo Oil at a premium to Dubai, and tanker freight costs from the US Gulf Coast to Asia have fallen.
Stronger WTI export demand supports US crude prices and export flows, while lower VLCC freight makes the trade more viable. The effect on grain and feed markets is indirect, mainly through diesel and freight costs.
marketscreener.comReutersJul 31, 2025After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
