Tag

Light-Sweet Grades

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ResearchMarket2026-10-28

Both crude benchmarks climb while a stronger yuan cushions landed cost; short-haul light-sweet grades reprice on the margin

Brent settled at USD 111.56/bbl and WTI at 102.20, both back at multi-session highs. The yuan's move to 6.6661 against the dollar trimmed the landed duty-paid cost to a roughly 2.5% gain, leaving the import window open. Short-haul light-sweet grades — ESPO, Dubai, Oman — regained their edge over long-haul US Gulf cargoes on combined freight and discount terms.