Oil surges as Aramco ups price

Saudi Aramco raised its official selling price of Arab Light crude for December to USD 2.7 per barrel above the average prices of Platts Dubai and DME Oman.

Photo: Jacob Ehrbahn/Politiken/Ritzau Scanpix

by marketwire, translated by jonas sahl hollænder

Oil prices rise Monday morning CET upon oil giant Saudi Aramco raising the official selling price of Arab Light crude on Saturday, indicating that demand will remain strong, reports Reuters.

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