Brent Ru -Record a rare opponent compared to the oil index in the Middle East

Brent, the global crude oil index, is currently spreading at a lower price compared to his mid -east counterpart, as President Donald Trump stretched the screws on the import of Russian oil and expected an abundance of offer later during the year. Brent Ru -Terma contracts spread at a price of 3 cents a barrel against Dubai ruol, the first time the difference has become negative since April, according to data collected by “Bloomberg”. Most of the crude oil produced in the Arab Gulf region- the most important source of Asia supplies- is usually valid on Dubai Raw. Traders expect the market to see a large amount of crude oil in the coming months, with the increase in production by the “OPEC+” coalition and non -members, which led to the pressure on Brent contracts and the variation of prices between two consecutive decades, reflecting the extent of supply and demand in the market. Meanwhile, demand for Middle East has temporarily increased due to extensive purchases of Indian refineries, following Trump’s threat to India due to the purchase of Russian oil.