UAE ADNOC sets price of Murban crude at $ 104.48 per barrel in June

Abu Dhabi national oil company “ADNOC” said today, Saturday, that it has set the official selling price of its crude oil. standardMurban, for the month of June, at $ 104.48 a barrel.

The official selling price for May shipments was $ 112.48 per barrel, 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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