Oil Prices Surge as Refiners Pay Record Highs for Physical Crude
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Insights by Echo AI
Oil prices have surged, with refiners paying record highs for physical crude. Murban and Oman grades are trading near $128, their highest since March. This is partly driving the current fuel surge. The balance between oil supply and demand is tightening again, with the average price per liter of SP98 reaching its highest level since June 2022.
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