TOKYO -- Middle Eastern crude oil prices have soared this year with China and India increasing demand from the region as an alternative to Russian oil, which is subject to U.S.-led sanctions stemming from Moscow's invasion of Ukraine.
Dubai crude from the Middle East is commonly traded in Asia, North Sea Brent crude is common in Europe and West Texas Intermediate crude is common in the U.S. In addition to differences in sulfur content and viscosity, prices are determined by supply and demand in each region.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
