You are here

Crude oil at week high as Saudis raise rates for Asia

Prices also buoyed by speculation that Iran deal won't lead to an immediate increase in supplies
Tuesday, April 7, 2015 - 05:50
BT_20150407_OIL7OZXT_1601481.jpg
Saudi Aramco raised official selling prices for Asia for a second straight month as refiners that buy its crude earned more for turning oil into petrol and diesel.

New York

OIL rose to the highest level in more than a week as Saudi Arabia raised prices for shipments to Asia, its biggest regional market.

Futures climbed as much as 3.7 per cent in New York and 3.6 per cent in London, where trading volumes were low because of the Easter Monday