Middle East Crude-Oman, Basrah, condensates rise | Energy & Oil | Reuters

October trade drew to a close on Friday with strength across the Middle East crude complex, after Oman, Basrah and Qatari condensates traded at their peaks for the month.

ExxonMobil was heard to have bought an Oman crude cargo at a premium of 75 cents to Dubai quotes, up from discounts as deep as 30 cents just two weeks ago.

Cargos of Iraqi Basrah Light for loading in October had
cleared, earlier than in recent months, when a backlog
contributed to weaken values into the following trading month.
Traders value Basrah at premiums of about 10 cents to the
grade's official selling price.

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