Murban crude oil, produced by Abu Dhabi National Oil Co., fell to a discount against its benchmark price after processing profits dropped in August. Murban slumped 14 cents to a discount of 8 cents a barrel to its official selling price, the lowest level since Aug. 3, according to data compiled by Bloomberg. Lower Zakum, also produced in the emirate, fell 8 cents to a discount of 18 cents a barrel, Bloomberg data showed. The gasoil crack spread, an indicator of refining profits, was at $18.32 today after rising as high as $20.70 a barrel on Aug. 11, according to data from PVM Oil Associates Ltd., a London-based brokerage. The spread shrank 2.5 percent in August, its fifth monthly decline. Oman crude for immediate loading decreased 40 cents, or 0.4 percent, to $109.54 a barrel, Bloomberg data showed. Dubai oil for delivery in October fell 0.4 percent to $109.06. Murban dropped 0.5 percent to $112.94. Oman futures for November delivery decreased 46 cents to $109.65 a barrel on the Dubai Mercantile Exchange at 6:20 p.m. Singapore time, with 908 contracts traded. The settlement price was $109.75 at 12:30 p.m. in Dubai. The October Brent-Dubai exchange for swaps, which measures the European marker contract against the Persian Gulf grade, widened 5 cents to $5.15 a barrel, according to data from PVM. The exchange for swaps for November lost 10 cents to $4.66. To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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