Brent's premium to Dubai crude hit the lowest in nearly four years as plentiful supply weighed on the European marker, Reuters data showed on Monday.
The drop in Brent against Dubai, combined with multi-year low differentials for West African grades, is expected to push more oil from the Atlantic Basin toward Asia.
Brent-Dubai Exchange of Futures for Swaps (EFS) for September was valued at $1.22 a barrel, down 58 cents from Friday's close and the narrowest since September 2010.
The drop in Brent against Dubai, combined with multi-year low differentials for West African grades, is expected to push more oil from the Atlantic Basin toward Asia.
Brent-Dubai Exchange of Futures for Swaps (EFS) for September was valued at $1.22 a barrel, down 58 cents from Friday's close and the narrowest since September 2010.
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