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OIL: Mideast Crude-Oman Falls to Near 1-Year Low: Reuters

OIL

Middle East crude benchmark spot premiums for Oman turned negative today for the first time since Dec. 2023, according to Reuters.

  • The Oman cash diff to Dubai fell to a 29 cents/b discount, compared to a 63 cents/b premium yesterday.
  • Furthermore, premiums for Dubai also trended lower. Dubai’s premium to swaps fell 29 cents to 68 cents/b.
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Middle East crude benchmark spot premiums for Oman turned negative today for the first time since Dec. 2023, according to Reuters.

  • The Oman cash diff to Dubai fell to a 29 cents/b discount, compared to a 63 cents/b premium yesterday.
  • Furthermore, premiums for Dubai also trended lower. Dubai’s premium to swaps fell 29 cents to 68 cents/b.