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Saturday, January 18, 2025 1:54 GMT
Middle East crude oil benchmark premiums surged on Monday to their highest since October 2023, propelled by strong demand from Asia. Chinese and Indian refiners are scouring the globe for supplies of crude as fresh U.S. sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said. Cash Dubai's premium to swaps rose US$1.35 to US$3.08 a barrel, representing the biggest daily gain since September 2020 at least. Oman and Murban premiums rose to US$2.90 and...More