News

Not thousands of headlines. The few lines that move price. For traders: straight from the source, clear and simple.

Full stories are at the original source.

CommodityOilPrice.com

Higher Oil Availability Pressures Middle East Crude Benchmarks

Robust crude oil flows out of the Middle East in recent weeks have started to pressure the key metric of strength for physical supply out of the region. The premium of Oman crude over Dubai, the measure of Middle East’s market strength, has slumped this week to the lowest level since the end of July, to $4.22 per barrel, according to data by General Index cited by Bloomberg. The Oman-Dubai crude…

News text belongs to its source; only the headline and a short summary appear here.