Prices for Qatar, UAE, Oman Oil Falls

Qatari crude oil fell on concerns refinery demand may drop as declines in fuel consumption led plants to cut runs. Qatar Marine for October loading fell 1 cent to a discount of 6 cents a barrel, according to compiled data.

Murban, produced by Abu Dhabi National Oil, remained at a discount of 5 cents a barrel to its official price, data compiled by Bloomberg show. Oman crude for immediate loading declined 96 cents, or 1.3%, to US$73.54 a barrel, according to Bloomberg data. Dubai for loading in October fell 95 cents, or 1.3%, to US$73.23. Murban dropped 1.3% to US$73.69.

Oman futures for October delivery was up 44 cents at US$73.37 a barrel on the Dubai Mercantile Exchange at 5:25 pm Singapore time, with 953 contracts traded. The settlement price was set at US$73.33 at 12:30 Dubai time.

The Brent-Dubai exchange for swaps for September widened 13 cents to US$2.18 a barrel and the exchange for swaps for October widened 11 cents to US$1.84 a barrel, according to data from brokers PVM Oil Associates. - Arabian Business