Bloomberg cites a price list it has seen, showing price hikes to Asia for a third consecutive month as Saudi Arabia works to tighten the oil market.
- June official selling price of Arab Light crude for customers in Asia up 90 cents to $2.90 a barrel (above the regional Oman-Dubai benchmark)
- estimates were for 60 cent increase
- prices for other lighter and heavier varieties were increased, from May
Oil futures trade opens at 6pm Sunday evening US Eastern time.
