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Tuesday, June 22, 2021

Dubai crude oil price rises highest rate since January 2020

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Middle East crude benchmark Dubai, as provided by cost estimate detailing organization S&P Global Platts, rose in February to a normal of $60.855 a barrel, the most noteworthy since January 2020, two market members said on Monday.

The month to month midpoints for February for Dubai and Oman as cited by Platts are demonstrated in the table. Middle East makers set their month to month official selling costs (OSPs) at charges or rebate to these midpoints.

Saudi Aramco changed the benchmark for setting its authority offering costs to Asia beginning from October 2018 to the normal of Platts Dubai and DME Oman crude fates.

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