Oman and Dubai crude benchmarks rise on Hormuz export risk
Oman and Dubai rose for the first time in four sessions; spot premiums returned above $11 a barrel as Strait of Hormuz vessel transits fell to a two-month low.
Middle East crude benchmarks Oman and Dubai climbed for the first time in four sessions on Thursday, with spot premiums moving back above $11 a barrel as the threat to exports through the Strait of Hormuz rose. The number of vessels transiting the Strait of Hormuz fell to the lowest in more than two months after…