Middle East Sour Crude Daily Market Analysis / Middle East crude differentials continue to see volatile trade / Much smaller volumes heard awarded in recent UAE crude sell tender / Russian, arbitrage crude values firming Middle East crude prices continued to see volatile / trade July 17 amid an uncertain supply outlook. Medium sour crude differentials edged up / 30 cents/b discount against same-month Dubai futures at the July 17 Asian close. Trade / sources said a recently closed UAE crude sell tender was likely awarded, though for much / from Brazil, are growing more pricey, with staple export grade Tupi heard offered at a / from discounts against Dated Brent on the same basis heard earlier in July. On Far East / Russia’s ESPO Blend crude, several Chinese independent refinery sources valued September- / Chinese independent refiners are purchasing prompt August-delivery ESPO Blend cargoes / amid renewed geopolitical tensions in the Middle East, while holding back from buying / Mideast Sour Crude Daily Rationales & Exclusions / Dubai Mo01 <PCAAT00> assessment rationale: The September cash Dubai assessment July 17 / toward the end of the Market on Close assessment process that demonstrated value to be / higher day over day. Oman Blend Mo01 <PCABS00> assessment rationale: The September / cash Oman assessment July 17 took into consideration values heard in the broader market / and Oman’s notional spread to cash Dubai. Exclusions: No market data was excluded from