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* Crude prices were volatile over the week, with Iraq developments remaining the driving factor. Benchmark dated BFO gained 30 cents/bl to $25.58/bl. Urals outpaced these gains, boosted by fears over the supply security of Iraqi crude.
* Further delays through the Bosporus and sky-high freight rates also supported Urals--assessed on a freight-inclusive basis--in the Mediterranean, where it gained 12cents/bl against the benchmark over the week. In northwest Europe, price hikes for competing North Sea grades lifted Urals higher.
* Azeri Light cleared out for December. Statoil sold a cross-month December-January cargo to ExxonMobil at around a $1/bl premium to …