Urals crude oil differentials to dated Brent held steady on Monday in quiet trade.
OPEC oil output rose in May, a Reuters survey found, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction and Saudi Arabia and the United Arab Emirates made smaller hikes than allowed.
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China’s crude oil imports fell in May to their lowest daily rate in four months, data showed, as planned maintenance work at both state-owned and independent refiners picked up.