Both benchmarks edge up as the Brent–WTI spread tightens to $11.50; light-sweet feedstock economics re-ranked
Brent settled at $101.266 and WTI at $89.771, pulling the spread in from $12.00 to $11.50. With the yuan pinned at 6.705, landed duty-paid cost held flat, re-ranking ESPO/Dubai/Oman light-sweet barrels against Urals/Basrah heavy grades.