Brent at $110.22/bbl (-1.27%) and WTI at $101.37/bbl (-1.37%) both breached key psychological levels; weakening Q4 Asia-Pacific demand outlook is narrowing offshore re-export windows.

Brent at $109.93 and WTI at $101.85 leave an $8.08 spread, about $4 tighter than a week ago. The narrowing compress the appeal of Brent-discount cargoes to Asian refiners.