23 September 2025: 09:30 BST
Flat price is stirring up again! Brent and other key benchmarks have been on a slight downtrend as various entities write and comment about excess supplies. Some were wondering if the Brent flat price could hit $65/bbl. But we were on the bullish camp thinking $70 is more likely than $65. And the price is almost smack in the middle, near $67.25/bbl at press time. It has been a very narrow trading range for days as traders fight their battles on differentials, like will the Dubai premium bounce up from the near two dollar range and go back up to three? Will Vitol or Mercuria get crushed on Dubai, first one is long and second is short.
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