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Middle East physical crude is softening this week even as Brent futures hit a five-month high of $114. Iraq's Basrah Medium recently sold at a $10 discount to D...

Middle East physical crude is softening this week even as Brent futures hit a five-month high of $114. Iraq's Basrah Medium recently sold at a $10 discount to Dubai as Hormuz flows recover via ship-to-ship transfers. #OilPrice #Brent #OOTT

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