RI's crude prices rise

RI's crude prices rise

TOKYO (Dow Jones): Unofficial prices for Indonesian crude grades have climbed, putting April prices above March levels, according to industry calculations released yesterday.

For most grades, price rises ranged from $0.97 to $1.72 a barrel.

Indonesia's state-owned oil company, Pertamina, has yet to approve the calculations as official Indonesian Crude Price figures. The company usually adopts the prices indicated by its own formula several weeks after the unofficial prices are calculated.

Sumatra Light Crude, or Minas, for April is set at $13.02/bbl, up $0.98 from its March ICP of $12.04/bbl. Duri jumps to $12.30/bbl unofficially, by $1.72 from $10.58/bbl in March. Widuri is at $12.39/bbl, up $1.06 from $11.33/bbl in March.

Cinta is at $12.60/bbl unofficially, up $1.06 from $11.54/bbl in March. Attaka for April is at $14.09/bbl, up $0.99, from $13.10/bbl in March.