Aramco sets the official selling price of the Arab Light crude in Asia

Saudi Aramco announced that it will set the official selling price of Arabian light crude oil for Asia for June at $ 4.40 per barrel, above the media Oman / Dubai.

Aramco also set the official selling price of Arab Light crude oil for Northwest Europe for June at $ 2.10 a barrel, above the price of Brent on the Intercontinental Exchange.

It indicated that the official selling price of the Arab Light crude in America for the month of June was $ 5.65 a barrel, above the ASCI index, according to Reuters.

Oil prices rose roughly 1.5% in Friday’s session, marking the deal’s second consecutive weekly hike, as impending EU sanctions on Russian oil raised prospects for scarce supplies and forced traders to ignore concerns about global economic growth.

THE future Brent crude rose $ 1.49, or 1.3 percent, to stand at $ 112.39 a barrel, while US West Texas Intermediate crude jumped $ 1.51, or 1, 4 percent, at $ 109.77 per barrel.

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