Middle East crude benchmark spot premiums of Oman, Dubai and Murban rose on Friday, following a sharp decline earlier in the week that sent them to a seven-week low.

A threat from U.S. President Donald Trump to impose secondary sanctions on buyers of Iranian oil raised fresh supply jitters.

Market were focused on production outlook as eight OPEC+ countries will meet on May 5 to decide a June output plan.

SINGAPORE CASH DEALS

Cash Dubai’s premium to swaps rose 16 cents to $0.93 a barrel.

Vitol will deliver a July-loading Murban crude cargo to PetroChina following the deals.
Source: Reuters