Middle East crude benchmarks hold near April highs amid low Hormuz flows
Spot premiums for Middle East crude benchmarks Oman and Dubai were little moved around their highest level since the beginning of April. Both rose for six straight sessions as escalating tensions kept Strait of Hormuz flows subdued.
Spot premiums for Middle East crude benchmarks Oman and Dubai were little changed, holding near their highest levels since the beginning of April. Before Friday, both benchmarks had risen for six straight sessions as escalating tensions in the Middle East kept flows through the Strait of Hormuz subdued.