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Middle East Crude-Steady amid thin trade SINGAPORE: The Middle East crude market held steady on Wednesday amid thin trade due to the holiday season.Shell bought two February Dubai partials from Chinaoil at $57.40 and $57.30 a barrel, respectively. Trafigura bought an April partial from Shell at $59 a barrel.For Russian grades, Rosneft sold two of three ESPO cargoes via a tender to JX Nippon and Shell at about $3 a barrel above Dubai quotes, traders said, steady levels compared with an earlier tender by Surgutneftegas. The two cargoes will load on Jan. 31-Feb. 5 and Feb. 2-7. The deals could not be independently verified.The Feb. 6-11 cargo has been re-tendered, traders said.DME OMANDME Oman for February settled at $58.10 a barrel, up $1.05, at 0830 GMT. This puts DME Oman at $1.25 a barrel below Dubai swaps, against a discount of $1.01 in the previous session.REFININGIdemitsu Kosan Co said on Wednesday it planned to refine 505,300 ...
Oil prices slip in Asian trade SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic growth report. US benchmark West Texas Intermediate for February delivery fell 46 cents to $56.66, while Brent crude for February eased 49 cents to $61.20 in afternoon trade.The US Commerce Department said Tuesday the world's largest economy grew at a spectacular five percent for the third quarter, the best growth rate ...
Oil prices slide after early gains on hopes of firm US data SINGAPORE: Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday.Front-month U.S. WTI crude futures rose over a dollar to a session high of $56.85 a barrel before dipping back to $55.67 at 0745 GMT. Brent crude was up 9 cents at $60.20 a barrel.Analysts said expectations of firm U.S. economic data later in ...
Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in thin pre-holiday trade Wednesday, but analysts said losses were curbed by upbeat sentiment over a strong US economic growth report. US benchmark West Texas Intermediate for February delivery fell 34 cents to $56.78, while Brent crude for February eased 31 cents to $61.38 in mid-morning trade.The US Commerce Department said Tuesday the world's largest economy grew at a spectacular five percent for the third quarter, the best growth rate ...
Middle East Crude-Chinaoil sells seventh Upper Zakum cargo to Shell  SINGAPORE: Cash Dubai in the Middle East crude market remained under pressure from sales by Chinaoil, the trading arm of PetroChina, during the trading window on Tuesday.Chinaoil will deliver a seventh Upper Zakum cargo to Shell after sales of 20 Dubai partials, traders said.Chinaoil also bought three Oman partials from Shell during the window which narrowed the Oman-Dubai spread, one trader said.Asia's trading focus shifted to Russian ESPO which has recently traded at around $3 ...

 





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