CRUDE MOC: Dubai, Oman spreads sink past minus $10/b despite Saudi price cuts

S&P GLOBAL PLATTS | Middle East sour crude benchmark spreads for cash Dubai and Oman crudes sank further Tuesday, as the outlook for demand recovery remained bleak despite heavy price cuts offered by Saudi Aramco, the largest crude exporter in the Middle East. June cash Oman's premium to June cash Dubai also shrank, averaging nearly flat for the month-to-date as practically non-existent buying activity in the physical market chips away at demand for the medium sour crude.

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