Singapore—Strong buying interest for Juneloading Middle East medium sour crudes has pushed up their prices, but a key intermonth spread that has wide implications for regional oil markets remained weak, an analysis of Platts assessments and market data showed. The front-month May Dubai crude swap moved to a premium over May ICE Brent futures on Wednesday, the first time in almost five years, reflecting strong appetite from Asian refiners for Middle East crudes.
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