Mita Chaturvedi
Research Associate, Flux
Stop-out City
In a Sisyphus-like twist, the M1 Brent/Dubai contract’s climb towards $1.50/bbl was met with a sharp roll-back on 14 Jan.....
Published: January 20, 2026
Written by:
Mita Chaturvedi
In a Sisyphus-like twist, the M1 Brent/Dubai contract’s climb towards $1.50/bbl was met with a sharp roll-back on 14 Jan, led by a reversal in Dubai spreads as refiners emerged on the buy-side. Moreover, a large fund bought the Feb/Mar/Apr’26 Dubai swap fly, flushing out long risk in the M1 Brent/Dubai.....
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