The Abu Dhabi National Oil Company “ADNOC” said today, Saturday, that it has set the official selling price for its standard crude, Murban, for the month of June, at $104.48 per barrel.
The official selling price for May shipments was $112.48 a barrel, according to Archyde.com.
rose Oil prices by 1.5% in the Friday sessionto register upon settlement the second weekly increase in a row, as the imminent European Union sanctions on Russian oil raised the prospects of tight supplies and made traders ignore concerns regarding global economic growth.
Brent crude futures rose $1.49, or 1.3 percent, to settle at $112.39 a barrel, while US West Texas Intermediate crude jumped $1.51, or 1.4 percent, to $109.77 a barrel.
