Kuwait cuts June crude oil official selling prices for Asia
Kuwait has set the June official selling price (OSP) for Kuwait Export Crude (KEC) at $1.15 per barrel above the average of DME Oman and Platts Dubai quotes for Asian refiners, down 20 cents from the previous month, a pricing document showed.
The producer also set the June Kuwait Super Light Crude (KSLC) OSP at $1.15 cents above Oman/Dubai, down 20 cents from the previous month.
Source: Reuters (Reporting by Shu Zhang, editing by Louise Heavens)
2021-05-13
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Oil prices climb on demand outlook as market awaits fresh cues
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Oil climbs on solid demand outlook as market awaits fresh cues
Published 1 hour ago
By Shu Zhang and Sonali Paul
SINGAPORE (Reuters) -Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.
U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.44%, to $65.57 a barrel at 0646 GMT, adding to a 36 cent rise on Tuesday.
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