Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) said today, Sunday, that it has set the official selling price for standard Murban crude at $87.28 a barrel for the month of October, an increase of 8% from $80.78 a barrel for the month of September.
Oil prices rose in Friday’s trading session to their highest levels in more than 7 months, ending a two-week losing streak, supported by expectations of supply shortages.
Brent crude rose $1.66, or 1.9%, to settle at $88.49 a barrel. And it had risen during the session to 88.75 dollars a barrel, the highest level since January 27.
US West Texas Intermediate crude rose $1.39, or about 1.7%, to $85.02 a barrel. It rose earlier in the Friday session to $85.81, its highest level since November 16.
The price of Brent crude rose by 4.8% this week, recording the largest weekly increase since late July, and the price of US West Texas Intermediate crude rose 7.2%, its largest weekly gain since March.
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2023-09-03 13:56:12
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