Prices?posted?signifcant?gains?in?the?week?to?5?November,?as?falling?US?crude? stocks?ofset?uncertainty?surrounding?the?US?presidential?election.?Atlantic?basin? benchmark?North?Sea?Dated?was?up?by?$3.53/bl?to?$39.45/bl,?while?US?marker? WTI?rose?by?$2.62/bl?to?$38.79/bl. ?Mideast Gulf crude was supported by the possibility that the current level of Opec+?cuts?could?be?extended?for?another?six?months.?The?Dubai?contango,?or?the? discount?of?front-month?January?Dubai?to?third-month?March?prices,?narrowed?to? 35￠/bl,?its?slimmest?in?two?months.
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