Middle East oil futures edge higher as markets look for direction
26 May 2021
London (Quantum Commodity Intelligence) – Middle East crude oil futures edged higher Wednesday, amid subdued trading with the key Singapore market closed for a national holiday.
DME Oman futures for July settled $66.85/b at the Singapore 1630 close, up $0.31/b.
Meanwhile, July Murban trading on Abu Dhabi's IFAD exchange was at $67.39/b, up $0.02/b from Tuesday's close.
Brent/Oman was trading at around +$1.90/b for July, while Brent/Murban was at around +$1.50/b.
Both July contracts expire on Monday.