Middle East Crude-Oman jumps to 6-mth high | Reuters

Oman crude values jumped to their highest since the Libyan civil war broke out six months ago, boosting sentiment across the Middle East crude market ahead of the Northern Hemisphere's peak heating season.

The notional premium of Oman crude climbed to about $1.50 a barrel to Dubai quotes on Friday, up from $1.30 a day earlier and discounts of 30 cents a month ago, tracking rising values in the Dubai Mercantile Exchange.

Refiners are still holding back from showing buying interest
for November cargoes as industry gatherings in Singapore wind down following the Asia-Pacific Petroleum Conference this week.

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