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Fuelling the rally

The market is going ballistic! We exceeded $100 crude in the Middle East and more refineries can't find feedstock!
Published: 6 March 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Asia EditionVolume: 3Issue: 44
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The market is going ballistic! We exceeded $100 crude in the Middle East and more refineries can't find feedstock!

Oil over $100! Dubai partials, Oman and Murban futures all crossed triple digits at this morning’s close. Brent futures are creeping up, over $89 this morning, but are lagging the Gulf grades. The Platts methodology change, excluding oil deliveries from the Gulf for two months ahead, makes the big difference in the spread.

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About Asia Edition

Benchmark reports published at the close of the trading day in Singapore.

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