Middle East Crude-Benchmarks drift lower at over two-month low

SINGAPORE, Oct 19 (Reuters) - Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban extended declines on Monday, with traders continuing to offer the oil while high freight weighed on buying.

The market is also assessing supply outlook, intensified attacks last week drove flows via the key waterway Strait of Hormuz lower.

Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports. O/R

SINGAPORE CASH DEALS

Cash Dubai's premium to swaps fell 89 cents to $4.03 a barrel.

PRICES ($/BBL)

NEWS

China's official data showed the oil throughput rate at refineries in September rose slightly for a third straight month, as continued strong fuel exports supported demand after Beijing eased export curbs in mid-July, analysts said.

Canada’s Prime Minister Mark Carney is betting a new pipeline can help revive the country’s oil industry, boost its production and exports, and reduce its dependence on the United States.

China's Anton Oilfield Services Group 3337.HK said it has marketed its first Iraqi crude oil cargo under a new supply contract with state oil marketer SOMO, in a rare arrangement that helps Baghdad secure funds to pay for service providers.

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