Middle East Crude-Benchmarks drop after Saudi price cuts

06 Aug, 2019

Traders are waiting for the new monthly OSPs from Kuwait and Iraq to gauge the sentiment for the front-month October trading. Iran also has not released its monthly OSP.

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Cash Dubai's premium to swaps fell 22 cents to $1.52 a barrel. BP will deliver a October-loading Upper Zakum crude cargo to Shell following the deals.

 

Copyright Reuters, 2019

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