Quantum Commodity Intelligence – Brent/Dubai cash spread rose to a five-month high on Tuesday amid fears of a European supply crisis as looming sanctions on Russia boosted the North Sea benchmark against the key Middle East marker.

Quantum valued the January Brent/Dubai cash spread at $5.45/b as the 1630 Singapore close on Tuesday, the widest spread since late May when the then-frontline spread topped $7/b on July 22.

On a direct basis, Dubai Cash for delivery in January…

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