Mexican Oil Blend Reaches Highest Price Since June 2022.
Mexico's export oil blend closed at $107.52 per barrel, marking a 5.6% increase and its highest level since June 2022, according to Pemex. This price is 39% above the Ministry of Finance's forecast for the year. Additionally, Mexican gas station owners have agreed to contribute 10 cents per liter to help reduce diesel prices in a joint effort with the federal government.