| Kippreport.com

Dubai June crude average drops to $94.44 a barrel

July 2, 2012 10:11 by Reuters

Dubai crude oil quoted by price-reporting agency Platts averaged $94.44 a barrel for June, down $12.87 from May, traders said on Monday.

The average is used as the basis for the Abu Dhabi and Qatari retroactive June official selling prices (OSPs), which are set as differentials to Dubai.

Oman crude oil quoted by Platts averaged $94.49 a barrel for June, down $12.88 from May, traders said. That would put the June Oman/Dubai average at $94.47, down $12.87 from May.

(Reporting by Osamu Tsukimori)

Tags: Abu Dhabi, crude, Dubai, Oman, OSP