Brent settled at $108.50 and WTI at $97.67, both lower. Under the Brent×FX×7.33×grade formula the landed base falls back to ¥5,313/t, pulling all seven transfer grades lower.

Brent at $107.774 and WTI at $97.412 push the spread from $8.08 to $10.36. Two market logics diverge, forcing a reset of delivered floors across SNSUC's seven transshipment lines.

Brent at $105.70 and WTI at $95.55 leave a $10.14 spread, some $2.50 below the $12.64 of October 13, reopening the arrival-cost gap across the transfer book.