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SINGAPORE, Oct 15 (Reuters) — Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban fell further to over two-month lows, as record freight rates weighed down buying appetite from Asia. Buyers were also wary of increased shipping risks after more attacks in the Middle East were reported recently. The dec
Spot premiums for Middle East crude benchmarks Oman and Dubai declined for a third consecutive session on Tuesday as supplies recovered and soaring freight dampened buying appetite.
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.
Spot premiums for Middle East crude benchmarks Oman and Murban declined as supply concerns eased, while Dubai held steady. Reuters also reported Iraq's SOMO offered steeper discounts for October-loading oil and Indian Oil Corp sought crude via a spot tender.