Apr Brent/Dubai EFS slips below $5/b on signs of arbitrage availability

The April Brent-Dubai Exchange of Futures for Swaps spread dropped below the $5/b mark midmorning Singapore Feb. 10 for the first time this month, allowing some arbitrage crude to seek an opening into Asia. At 11 am (0300 GMT) Singapore, the April Brent/Dubai EFS was pegged at $4.82/b, narrowing 23 cents/b from the Asia close Feb. 9, S&P Global Platts…