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The average price of Dubai crude rises in January
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A trader said on Friday that the average price of Dubai crude on the Platts platform for pricing rose in January to 59.080 dollars a barrel.
Following are the average prices of Dubai and Oman crude oil and the average for both of them at $ 1 per barrel. Middle East crude producers use these prices to set official selling prices for their ore every month.
Saudi Aramco has revised its pricing reference to set official selling prices for its crude to Asia from October, with the benchmark price being the average price offered for Dubai crude on the Platts platform and Omani crude futures on the Dubai Mercantile Exchange.
The average reference price for official Saudi crude oil prices for Asia was set at $ 59.204 a barrel in January, which was based in part on the average price of $ 59.36 per barrel of Omani crude on the Dubai Mercantile Exchange in March.
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