SINGAPORE : Asia's spot crude market has peaked after touching near two-year highs this week, as a possible release of oil reserves from top consumers globally dented sentiment and weighed on prices, trade sources said.
In addition, Brent's premium to Dubai quotes has also cooled from eight-year highs hit earlier this month, and could make crude from the Atlantic Basin more affordable to Asian buyers again. "Prices did come off, so I guess the threat of one is more effective than actually doing it," said a senior crude trader in Singapore.
"I think it spooked the Shandong refineries, so all in all it's translating to a slowdown in the market," a second trader said.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: