Strong Asia Oil Demand Pushes Key Mideast Spread to Two-Year Low
- Brent’s premium to Dubai crude has fallen to $1.54 a barrel
- Development signals Asia’s robustness relative to Europe, US
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A closely-watched gauge of Asian oil demand is at its tightest level in more than two years, underscoring the region’s buoyancy just as investors expect a slowdown in Europe and the US following the recent turmoil in their banking systems.