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ICE June Brent crude futures was pegged at $63.05/b at 0309 GMT April 12, 34 cents/b higher from the 0830 GMT Asian close April 9.
Middle East crude The week ahead will focus on buy and sell tenders for Middle East crude, including Qatar Petroleum s Al-Shaheen tender, post issuance of official selling prices by the region s producers. In the week ended April 10, Saudi Aramco, Abu Dhabi National Oil Co and Qatar Petroleum issued OSPs for their respective crude grades. While Aramco raised prices for Asia-bound crude by 20-50 cents/b, ADNOC raised prices by 35 cents/b and Qatar by 5-15 cents/b. OSPs from Iraq s State Oil Marketing Organization and Iran s NIOC are now awaited.
The crude oil market in Asia was higher at the start of the week of April 11 after robust economic data over the past week from several key economies, including the US, reflected improving demand fundamentals. ICE June Brent crude futures was pegged at $63.05/b at 0309 GMT April 12, 34 cents/b higher from the .