Commodities
Oil Spread Balloons as Concerns Mount Over Libyan Supply
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A spread that shows the difference in oil prices in Europe and Asia surged to the widest in 10 months on concern that swaths of supply from Libya are about to get halted.
The premium of Brent oil futures to Dubai crude swaps, also known as Brent-Dubai exchange of futures for swaps, expanded to about $3 a barrel on Tuesday, according to PVM Oil Associates data. That’s the widest since early October.