Aramco Set New Crude Prices, Shares Soar to Highest Level Since Listing
- Date: 08-May-2022
- Source: Al Bawaba
- Sector:Financial Markets
- Country:Gulf
Aramco Set New Crude Prices, Shares Soar to Highest Level Since Listing
Saudi Aramco's shares soared 3%, hitting their highest level since listing of SR46.1 ($12.3) on Sunday.
The stock price slightly fell to SR45.8 later in the day at 12:07 p.m. Saudi time.
The Saudi oil giant has set the official selling price for Arab Light Crude for Asia for June at $4.40 a barrel, while the selling price for the US is set at $5.65 a barrel. And for the Northwest Europe, the selling price is set at $2.10 a barrel, above the price of Brent on the Intercontinental Exchange.
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