The European market is awash with light sweet crude, raising fresh questions over the tightness of the oil market gripped by fear around the extent of lost Russian barrels. Tepid demand for premium West African and North Sea grades amid an influx of US crude has left market participants wondering whether concerns over potential supply .
Recent shifts in the relative price of different crude grades have dealt oil exporters from the vast Atlantic Ocean basin the best chance in months to sell to top consuming region Asia, but sales.
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