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Middle East crude benchmarks Oman, Dubai, and Murban saw spot premiums fall to their lowest since late August on Tuesday, as supplies via the Strait of Hormuz increased. Data indicated that Gulf oil flows, excluding Iran, rose to over 81% of pre-war levels in September.
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban fell to their lowest since late August, weighed down by rising supplies via the Strait of Hormuz. Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September, led by a recovery in Saudi exports.