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Oman and Dubai fell for a third straight session as premiums slipped under $10 a barrel. Indian Oil Corp bought 3 million barrels of Middle Eastern and west African crude for November delivery, while Shell said third-quarter refining margins could jump to a record $42 a barrel.
Middle East crude benchmarks Oman and Dubai fell for a third straight session as premiums slipped under $10 a barrel, with Gulf supplies still being shipped out despite rising attacks on tankers in the Strait of Hormuz.