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Spot premiums for Middle Eastern crude benchmarks fell back to pre-war levels as higher exports and ample supply met weaker Asian refining demand. Dubai's cash premium to swaps fell to 65 cents per barrel on Monday, while Oman's premium dropped to 95 cents on Tuesday; both later recovered somewhat.
More Gulf crude cargoes and softer refinery buying reduce regional competition for barrels, signaling lower crude costs and potentially easing energy-related feed and freight expenses.
daily8.comZawyaNov 5, 2026After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% over 20.
After 56 past bearish trade events, Crude Oil (Brent) moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% 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.
