South Korean refinery purchased 2.5 million barrels of Middle Eastern crude oil for July.

According to a trader who wished to remain anonymous, a South Korean refiner purchased a total of 2.5 million barrels of Middle East crude oil for July loading over the weekend. The company bought three cargoes of Murban crude and two cargoes of Umm Lulu crude. According to the trader, Murban was priced at a premium of about 85-95 cents per barrel compared to the July Dubai benchmark crude.