Markets

Petronas sets July crude price factor at $6.50/bbl

Published July 9, 2014 Updated July 9, 2014 04:31am

1 min

By Shoaib Ur Rehman

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SINGAPORE: State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for July at $6.50 per barrel, up $0.60 from the previous month, a source with direct knowledge of the matter said on Wednesday.

Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective Jan. 1.

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