Dubai crude pricing for January at a discount of $0.10 per barrel from Oman

The Dubai Government’s Department of Oil Affairs said today, Tuesday, that the emirate has set the official difference for its crude from the Omani crude futures contracts for January at a discount of $0.10 per barrel.

The price difference will be applied to the average daily settlements of the nearest contract for Omani crude for January delivery at the end of November to determine the official selling price for Dubai crude loading January.

The Department of Oil Affairs had announced that the emirate had set the official difference for its crude to the Omani crude futures contracts for the month of December at a discount of $0.20 per barrel.

The price difference will be applied to the average daily settlements of the nearest maturity contract for Omani crude for December delivery at the end of October to determine the official selling price for Dubai crude loading December.

Oil prices rebounded after falling early Tuesday morning, with investors valuing the outlook for a more hawkish market as US inventories run low and OPEC+ pursues a conservative production policy.

Brent crude rose 0.3%, topping $86, after closing up 0.5% on Monday, while US West Texas Intermediate crude settled near $84.

 
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