Oman and Dubai Crude Spot Premiums Extend Declines
Spot premiums for Middle East crude benchmarks Oman and Dubai fell further Tuesday amid ample supply and softer buying appetite. Gulf producers and traders cut offer prices to attract demand as buyers showed little urgency after flows through the Strait of Hormuz increased.
Spot premiums for Middle East crude benchmarks Oman and Dubai extended declines on Tuesday, weighed down by ample supplies and less buying appetite.Gulf producers and traders have cut offer prices to attract demand, while buyers are not in a rush to buy after flows via the Strait of Hormuz increase…