[12/12/2011] Iraq raised the price of oil

[trooper]

[12/12/2011]

Iraq raised the price of oil

Basra light crude to U.S. buyers for January by 10 cents, at a

discount of $1.50 per barrel below the Argus (ASCI) benchmark,

the State Oil Marketing Organisation (SOMO) said on Sunday. The January official selling price for Kirkuk crude for

U.S. refiners was raised by five cents, at a premium of 15 cents

to the ASCI benchmark. The price for Basra light crude for Asian buyers was raised

by $1.10, at a premium of $2.90 to the average of Oman/Dubai

quotes. The price of Basra crude for European buyers was set at a

discount of $2.50 to the North Sea spot benchmark BFOE, versus

$3.15 below the benchmark the previous month.

Basra Light Crude Dec Jan

U.S buyers (vs benchmark ASCI) -1.60 -1.50

European buyers (vs North Sea spot BFOE) -3.15 -2.50

Asian buyers (vs Oman/Dubai average) +1.80 +2.90

Kirkuk Crude

U.S buyers (vs ASCI) +0.10 +0.15

European buyers (vs BFOE) -1.35 -0.70

http://www.iraqdirectory.com/DisplayNews.aspx?id=17708

[redsand]

raised ten cents to what now? I feel like Im missing something here.

[steveinfla]

raised ten cents to what now? I feel like Im missing something here.

That makes 2 of us

[Stryker365]

That makes 2 of us

3 of us

[leanonme]

4 of us.

[bamagirl]

5 of us...and what does this mean??

[Elixirbaby]

6 of us

[semichdave]

Lets make it Lucky #7....

[R2D2]

I am right behind you guys.

[DinarCowboy12]

Lets make it Lucky #7....

Go Red Wings!

[Maggie123]

#10

[Shick]

#11

[BigBear]

#10

Make that number 11 boys and girls!

[BrokeNoMore]

13...

[juan martinez]

An even dozen.

[vomer]

What comes after 13?

[juan martinez]

A taxi ride home.

[Tiffani929]

What comes after 13?

Me?

[sirlep33]

What comes after 13?

Well you skipped 13 which would be a bakers dozen.

[Elixirbaby]

Me?

Party at tiffs house.

Go RV

[yota691]

I believe i read somewhere that it cost $1.50 to $3.50 a barrel to produce, I believe the USA has deal work out from $28 to $35 purchase price from what we do get from them. JMO

[Alex38]

Sparano was fired today from his head coach position for the Miami Dolphins... So thats cool.

[redsand]

Sparano was fired today from his head coach position for the Miami Dolphins... So thats cool.

haha.

Anyway I bet in the history of DV, not one thread had 13 people in a row write down how they were confused with an article. Where is Guiness when you them?!?

[Tiffani929]

Party at tiffs house.

Go RV

Yes, ab-so-frickin-lutely! BYOB

[So.Cal Dinar]

Oh what the heck I'll be 14 hey tiff