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Middle East Oil Supply news and market signals

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Dubai and Murban Crude Flip to Contango, Signaling Eased Supply Concerns

EnergyBasic

Medium 7/10Dubai Crude Murban Crude

Dubai and Murban Crude Flip to Contango, Signaling Eased Supply Concerns

Benchmark crude grades from the Middle East, Dubai and Murban, have shifted to a contango structure for the first time since February 28. This change suggests a potential easing of supply concerns in the region.

June 16, 2026Published 1 hour ago