Middle East Crude-Saudi raises prices to Asia for 2nd month

April 6, 2015 11:08 AM

55 0

Middle East Crude-Saudi raises prices to Asia for 2nd month

SINGAPORE: The Middle East crude market strengthened on Monday after Saudi Arabia raised the prices of all the grades it will sell to Asia in May for a second straight month and as Chinaoil continued its buying spree.

Three more cargoes were declared for delivery to Chinaoil on Monday, bringing its total purchase in the first three sessions this month to 3 million barrels, traders said.

Also read: Italy: The Next Stop on Populism’s Global March

Read more

To category page

Loading...