Markets

Dubai crude Aug average falls to 14-month low at $101.73/bbl

Published September 1, 2014 Updated September 1, 2014 04:10am

SINGAPORE: Dubai crude, as quoted by price-reporting agency Platts, averaged $101.73 a barrel for August, traders said on Monday.

The monthly average price is the lowest since June 2013, Reuters data showed.

Prices for Dubai, Oman and Oman/Dubai average quoted by Platts are as follows, in dollars per barrel.

Middle East producers use these prices as a basis to set their monthly official selling prices.

Copyright Reuters, 2014