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Latest News

Dubai May crude average falls to $107.31/bbl

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

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June 2, 2012 7:42 by



Dubaicrude oil quoted by price-reporting agencyPlatts averaged $107.31 a barrel for May, down $9.99 from the previous month, traders said on Friday.

The average is used as the basis for theAbu Dhabiand Qatari retroactive May official selling prices (OSPs), which are set as differentials toDubai.

Omancrude oil quoted by Platts averaged $107.37 a barrel for May, down $10.07 from the previous month, traders said. That would put the May Oman/Dubai average at $107.34, down $10.03 from April.

(Reporting by Florence Tan; editing by Miral Fahmy)



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