SINGAPORE, March 14 (Reuters) - Middle East crude
values strengthened on Wednesday as traders eyed potential
supply disruptions to supply flows from Iran and firming fuel
oil cracks.
ADNOC's Middle East benchmark Murban crude was valued at a
premium of about 20 cents a barrel, rising about 20 cents from
levels seen in the previous session.
Chinese trader Unipec was heard to have sold Murban cargo
at about 20 cents to European refiner Shell.
"We could see the benchmark moving up higher by the end of
the weak...we got fuel oil strengthening as well, that will be
another boost," Singapore-based trader said.
* MARKET NEWS
- Top oil exporter Saudi Arabia stands ready to fill any
oil supply gap -- "perceived or real" -- as oil prices rally on
fears of a potential loss of Iranian output.
- Morgan Stanley is exiting an oil marketing deal
with the European refineries of Britain's Ineos Group Ltd
at the end of the month, as PetroChina Co Ltd
, which owns half of the refineries, takes
over the job, traders said.
CRUDE Price Prev Change % change
MAY Oman diff to Dubai 3.38 3.01 0.37
MAY Brent 125.20 125.25 -0.05 -0.04%
MAY Dubai 121.21 121.34 -0.13 -0.11%
May DME Oman 124.59 124.35 0.24 0.19%
May Brent/Dubai EFS 3.99 3.91 0.08
DUB-EFS-1M
