SArabia boosts June crude prices, oil futures inch up

5 months ago

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears Israel's war on Gaza could still widen in the key oil-producing region. Brent crude futures climbed 28 cents, or 0.3 percent, to $83.24 a barrel at 0119 GMT, while US West Texas