Middle East Oils Rise a Second Day as Refinery Demand Surges
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Middle East crude oils for sale to Asia climbed for a second day because of increased refiner demand as alternative grades were too expensive.
Murban for February loading rose 10 cents to a premium of 53 cents a barrel to its official selling price, according to data compiled by Bloomberg News. Qatar Marine for the same month advanced 5 cents to a premium of 56 cents a barrel.