Dubai Crude Price Today

Dubai crude oil is a medium-sour crude that serves as the primary benchmark for pricing Persian Gulf oil exports to the Asia-Pacific region. Traded on the Dubai Mercantile Exchange (DME), Dubai crude has an API gravity of about 31 degrees and a sulfur content of around 2%, making it heavier and more sulfurous than WTI or Brent. Dubai crude, along with Oman crude, is used to price the majority of Middle Eastern oil sold to Asian refiners — a trade flow that represents the largest crude oil market in the world. Saudi Aramco, the world's largest oil company, uses Dubai/Oman as the benchmark for setting its official selling prices (OSPs) to Asian buyers. The Dubai-Brent spread (known as the EFS, or Exchange of Futures for Swaps) is a key indicator of the relative value of sour versus sweet crude in global markets.