# Middle East crude oil premiums tumble to pre-war levels amid ample supply

> 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.

- Date: 2026-11-05 · published 2026-11-06T00:15:03.784Z
- Category: trade · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/82810-middle-east-crude-oil-premiums-tumble-to-pre-war-levels-amid-ample-supply
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-31 | [Crude oil prices tumble to 3-month low \| Fox Business](https://feedsoft.ai/events/9890-crude-oil-prices-tumble-to-3-month-low-fox-business.md) | -6.9% | +4.9% |
| WTI | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -2.1% | -1.6% |
| WTI | 2019-05-29 | [Oil prices drop as trade war worries outweigh supply disruptions](https://feedsoft.ai/events/9886-oil-prices-drop-as-trade-war-worries-outweigh-supply-disruptions.md) | -9.3% | -2.2% |
| WTI | 2019-05-27 | [Oil under pressure from U.S.-China trade war, but OPEC cuts provide support, ETAuto](https://feedsoft.ai/events/59237-oil-under-pressure-from-u-s-china-trade-war-but-opec-cuts-provide-support-etauto.md) | -8.5% | -1.9% |
| WTI | 2019-06-03 | [Oil falls as trade fears offset expectations for prolonged supply cuts](https://feedsoft.ai/events/11308-oil-falls-as-trade-fears-offset-expectations-for-prolonged-supply-cuts.md) | +0.9% | +9.0% |
| BRENT | 2019-05-31 | [Crude oil prices tumble to 3-month low \| Fox Business](https://feedsoft.ai/events/9890-crude-oil-prices-tumble-to-3-month-low-fox-business.md) | -8.8% | -2.2% |
| BRENT | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -3.6% | -3.6% |
| BRENT | 2019-05-29 | [Oil prices drop as trade war worries outweigh supply disruptions](https://feedsoft.ai/events/9886-oil-prices-drop-as-trade-war-worries-outweigh-supply-disruptions.md) | -10.5% | -6.4% |

## Sources

- daily8.com: https://www.daily8.com/en/article/d8_05ee2c7aaa1b1e728f770cc1c1026b0cf893bcc7c526caae2bae054a571f12f2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.