Saudi Arabia sets June Arab Light Crude oil OSP to Asia at plus USD 15.50/bbl (prev. 19.50/bbl in May) vs Oman/Dubai average, via Aramco
Saudi Arabia's adjustment of its June Arab Light Crude oil Official Selling Prices (OSPs) signals a tightening in price competitiveness in Asia and Europe, reducing the premium compared to the previous month.
Amazon (AMZN) announces plans to invest more than EUR 15bln in France, creating more than 7,000 permanent jobs
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 5+ TICKS HIGHER AT 110-11
Saudi Arabia sets June Arab Light Crude oil OSP to Asia at plus USD 15.50/bbl (prev. 19.50/bbl in May) vs Oman/Dubai average, via Aramco
US FX WRAP: G10s mainly gain vs. the Dollar but Yen lags
US Secretary of State Rubio says Iran must come to negotiating table and accept terms; US will continue to clear passageway through the Strait to restore freedom of navigation
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- Sets June Arab light crude oil OSP to NW Europe at plus USD 25.85/bbl (prev. plus USD 27.85) to ICE Brent Settlement
- Sets June Arab light crude oil OSP to US at plus USD 14.60/bbl (prev. plus USD 14.60) vs ASCI
The notable decrease for Asia suggests a potential recalibration of demand and may influence global oil prices, particularly for Brent and WTI benchmarks, affecting inflation and currency dynamics as well.
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