Oil’s Push Toward $90 Lifted From Physical Markets All Over
- Spot premiums rising for barrels from Middle East to North Sea
- Asia picks up about 40 million barrels from the US this month
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As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.
Across the global market, record crude demand has driven up the premiums that traders pay to get cargoes.