The Dubai benchmark oil prices, a bellwether of demand in Asia, have weakened in recent weeks, reflecting concerns about oil consumption in the most important crude oil importing region. The premium of the international benchmark Brent Crude to the Dubai swaps widened to $6.71 per barrel on Monday, up from just over $5 per barrel at the end of September, according to Bloomberg’s estimates . In addition, the U.S. benchmark, WTI Crude , had flipped by mid-October to a slight premium over the Dubai swaps – the benchmark off which crude going to Asia is being priced – compared to a discount of over $2 per barrel at the end of September. The weakening of the Dubai quotes could be a sign that the market continues to be apprehensive about the Chinese “zero-Covid” policy, which has been weighing on oil prices in recent months alongside general concerns about looming […]