Quantum Commodity Intelligence – Middle East benchmark Dubai crude slipped for the third straight week on concerns over slow demand growth, particularly in China, and fears over competition from a spate of discounted Russian crude fueling sour crude prices in Asia let break in.
Dubai cash in the front month for January deliveries was valued by Quantum at $81.00/b in the week ended November 25, versus $84.35/b the previous Friday, down 4%.
The weekly loss came despite Friday’s strong recovery, which lifted…
