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Asian refiners snap up Mideast light oil, shun expensive WTI

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Asian refiners are snapping up Middle East light crude oil cargoes as high Brent prices curb arbitrage supply from the U.S., Europe and Africa, driving up the Murban benchmark to its highest this month, traders said on Friday. Refiners from South Korea and Japan have purchased spot Abu Dhabi light grades – Murban, Das and ...

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