The front-month Brent/Dubai Exchange of Futures for Swaps(EFS)sank into negative territory on Wednesday,losing $1.88/bbl over the week to March 13,ending at negative-$1.78/bbl.From March 6 to March 12,the price for OPEC’s basket of crudes took a dive of $15.08/bbl to hit $33.25/bbl.(As of the time of writing,OPEC had not posted its basket price for Friday,March 13.)The cash price for Dubai crude decreased by $14.60/bbl over the week to end at $33.95/bbl,while Murban dropped $12.95/bbl to $38.95/bbl.
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