Middle East Crude-Dubai declines after four-day increase

Reuters
2025.12.26 09:33
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Middle East crude benchmark Dubai's spot premium declined after a four-day rise, while Oman and Murban also saw declines. Weekly gains were supported by geopolitical tensions. Oil prices rose due to U.S. actions against Venezuelan oil and airstrikes in Nigeria. Cash Dubai's premium fell to 67 cents a barrel. Kazakhstan's CPC Blend exports hit a 14-month low due to weather delays. Reliance Industries continues receiving Rosneft oil despite sanctions. U.S. focuses on Venezuelan oil quarantine. Ukraine targets Russian oil facilities.