Saudi Arabia raised the official selling prices (OSPs) for its crude sold to Asia, Northwest Europe and the Mediterranean in June
In a sign of how bullish investors were becoming most buying came from the creation of new long positions
Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources
It sees a surplus of 1.4 million barrels a day in the first three months of 2022
Dubai’s DME introduces new platform to trade multiple crude grades