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The Oil Must Flow

Dubai crude sees bearish turn on ceasefire news; diverging flow between front and back-end Brent/Dubai; Dubai spread buying at $1/bbl
Published: April 21, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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The Dubai crude market saw an incredibly bearish turn after the ceasefire headlines, with the front May'26 Brent/Dubai notably rising from -$1 to $3.80/bbl over the week.

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