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Dubai crude for May to be priced 20 cts below Oman
Dubai has set its official differential to Oman futures for May at a discount of 20 cents per barrel.
February 24, 2011 12:28 by Reuters
Dubai has set its official differential to Oman futures for May at a discount of 20 cents per barrel, the Dubai Department of Petroleum Affairs said on Thursday.
The differential will be applied to the average of daily settlements for the front month May Oman contract at the end of March to set Dubai’s official selling price (OSP) for May-loading crude.
Dubai last month set its official differential at parity to Oman futures for April.
(Reporting by Osamu Tsukimori; Editing by Joseph Radford)