Reply To: Around The Barrel – Crude Oil and Gasoline Outlook in Inflationary Cycle


WTI Futures open over $120 bbl after Saudi Arabia raised #oil prices to Asia & Europe more than expected

Saudi #Aramco raised main grade for Arab Light for Asian customers by $2.10 to $6.50 above benchmark, market expected +$1.50

Aramco raised all grades for NW Europe and Mediterranean region,
Prices for US customers remained unchanged
NB: President Joe Biden’s planned visits to Saudi Arabia and Israel later this month have been postponed until July, several officials told NBC News on Friday.