Middle East Crude-Dubai falls to lowest since November

SINGAPORE: The Middle East crude benchmark Dubai fell to the widest discount against swaps since November and spot grades loading in June traded at discounts to their respective official selling prices on ample supplies.

North Asian refiners are expected to complete maintenance by July which will increase their crude demand, but they have already bought long-haul barrels from Europe and the United States, traders said.

Dubai-linked grades remained relatively expensive to Brent given the narrow Brent-Dubai spread, they said.