The Middle East crude market fell on Thursday, with offers for February loading Murban heard at a premium of around 10 cents a barrel to the official selling price (OSP), lower than levels seen last month.
Weakening middle distillates and fuel oil cracks, and a still soft naphtha market in Asia could see premiums for February cargoes narrowing, traders said. Two Asian refiners, Korea's GS Caltex and Singapore Refining Company, cut their runs due to poor margins, industry sources said on Thursday.
� I Media LLC 2011 Source: http://www.albawaba.com/mideast-crude-murban-offers-lower-weaker-cracks-404615
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