Brent at USD 104.246/bbl (-3.14) and WTI at USD 99.878/bbl (-2.54); the spread has narrowed to USD 4.37/bbl, a two-week low that thins the transshipment arbitrage.

A widening Brent–WTI spread and surging US Gulf exports are reshaping the premium/discount structure of ESPO, Urals, Dubai and Oman re-export grades; SNSUC's Crude Re-export Hall gives mid-size refiners transparent listings across 7 grades with landed-cost modelling.