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News 2026-10-16 10:09 UTC

Middle East Crude — Benchmarks fall this week as elevated freight weighs

SINGAPORE, Oct 16 (Reuters) — Spot premiums for Middle East crude benchmarks Oman and Dubai fell for a fifth consecutive session on Friday to their lowest in more than two months. The sharp downtrend this week came as sellers piled up offers, while lifting crude prices were also weighed down by soaring freight. Oil pri