Middle East crude benchmarks extend decline as Hormuz flows improve
Oman and Dubai crude benchmarks extended their decline on Monday, edging toward $20/bbl premiums, as traders looked to a partial recovery in shipments from Saudi Arabia. Saudi Arabia has sold about 60 million barrels from Ras Tanura for loading via the Strait of Hormuz.
Middle East crude benchmarks Oman and Dubai extended their decline, sliding toward premiums of $20 a barrel on Monday as traders watched a partial recovery in shipments from Saudi Arabia. Saudi Arabia has sold about 60 million barrels of crude from Ras Tanura inside the Strait of Hormuz for loading via…