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Liquidity Desert

Brent/Dubai trends lower as funds and majors sell, but the outright and boxes reverse higher this week amid low liquidity and profit taking.
Published: February 10, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
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The past week saw a return to the usual regime in the Brent/Dubai market with prices trending lower. The Mar'26 Brent/Dubai fell from $0.90 to around $0.35/bbl by the end of last week, with good selling seen on Wednesday, Thursday, and Friday in the Mar'26 and Apr'26 tenors.

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