Wednesday, May 12, 2010

Basra crude oil price moves up

Iraq Oil Marketing Company SOMO said on Tuesday that Iraq raised official selling price of Basra light crude oil for June for US purchasers 15 cents. Iraq also raised the price of Kirkuk crude oil for June to US refineries to the same level of Argos marker for High sulfur content fuel oil. To that, Basra crude oil price for Asian purchasers was set to 1dollars 5 cents less than the price of Oman and Dubai crude oil. As to European purchasers the price was set to 4 dollars 80 cents less than the immediate price of North Sea crude oil.

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