Middle East crude benchmarks Dubai and Murban climbed on Thursday, recouping some steep losses in the prior trading session.

The increase in spot premiums came as the spread between Brent- and Dubai-pegged crude widened, making the regional oil more attractive to Asian buyers.

Qatar Energy set the term price for March al-Shaheen crude prices at a premium of $1.37 a barrel above Dubai quotes, the lowest since June 2021, trading sources said on Thursday.

This was down from a premium of about $1.50 a barrel for February-loading cargoes.
Source: Reuters