Bonny Light and Qua Iboe crude Prices

Nigeria reduced its June official selling price for Bonny Light and Qua Iboe crudes to a 10-month low, according to the Nigerian National Petroleum Corp. The price for the two benchmark blends will be 60 cents less than in May at a premium of $2.00 a barrel to Dated Brent, the lowest since August, the state oil company said today in an e-mailed price list.