Libya: Major Oil Spread Widens As Concerns Grow Over Libyan Supply

The spread between European Brent oil futures and Dubai crude swaps surged to its widest point in 10 months on Tuesday, driven by fears of supply disruptions from Libya.

The premium, known as the Brent-Dubai exchange of futures for swaps, expanded to approximately $3 a barrel, according to PVM Oil Associates data cited by Bloomberg, marking the highest level since early October.

Libya, which had maintained stable oil output amid relative peace in recent years, faces renewed turmoil as authorities…