Middle East crude benchmark Dubai's premium rises to around USD 5.90/bbl, the highest since 2022, sources say
The rise in the Dubai crude benchmark's premium indicates a tightening supply scenario, potentially increasing oil prices globally.
Iran's ambassador to the IAEA says Israel and the US attacked Iranian nuclear facilities on Sunday
New Israeli raids have been reported on the southern suburbs in Beirut
Middle East crude benchmark Dubai's premium rises to around USD 5.90/bbl, the highest since 2022, sources say
EU HCOB Manufacturing PMI Final (Feb) 50.8 vs. Exp. 50.8 (Prev. 49.5)
Swiss Sight Deposits (w/e Mar 1). Domestic Banks CHF 440.5bln (prev. 440.6bln), Total CHF 459.8bln (prev. 457.6bln)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This level, being the highest since 2022, suggests strong demand or disruptions in supply, which could impact inflation and affect central bank policy outlooks. Traders should monitor how this development influences broader oil prices like WTI and Brent, as well as the associated currencies that are sensitive to commodity prices.
Related headlines
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms4 hours ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat5 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee7 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port7 hours ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass7 hours ago
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits8 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind9 hours ago
- US President Trump's administration is reportedly ratcheting up its fight to get more oil flowing from California, AP News reports4 hours ago
- Russian Deputy PM Novak says Russia is experiencing some gasoline shortages7 hours ago
- US President Trump says "It is very good for Canadian Politicians like PM Carney to make Trump “the enemy,” until their Economy collapses then it will prove to be very bad for Politics — Worse than anything that has ever happened to a Canadian Politician"3 hours ago
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran7 hours ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before7 hours ago
- PREVIEW: US Nonfarm Payrolls are due on 4th September at 13:30BST/08:30EDT2 hours ago
- US President Trump reiterates Spain doesn't what they should in NATO26 min ago
- [MARKET UPDATE] Dovish reaction as Fed's Waller leans towards hold in September, albeit very much data dependent; T-notes, stocks and gold move higher with the dollar sold; Pricing is back to 50/50 for hold/hike4 hours ago
- Fed's Waller (voter) to support holding policy rate steady at September FOMC meeting if August inflation data shows continued progress6 hours ago
- Saudi Arabia reportedly sets October Arab light crude oil OSP to Asia at minus USD 2/bbl vs Oman/Dubai average, according to a pricing document3 hours ago
- Fed Governor Waller (Voter) says with CPI and PPI in hand, have a pretty accurate view of PCE inflation5 hours ago
- US Trade Balance (Jul) -88.60B vs. Exp. -90B (Prev. -73.30B)6 hours ago
- Nvidia (NVDA) confirms it is to acquire Hugging Face for USD 12.93bln; Hugging Face will remain an open platform6 hours ago
The whole workspace, free to try.
Try it free