Saudi Arabia May Raise Its Oil Prices For A Fifth Consecutive Month ...Middle East

Saudi Arabia may raise the official selling price of its flagship Arab Light blend for Asian buyers for the fifth month in a row, Reuters has reported, citing strong demand for the commodity. The news outlet polled five respondents who said Riyadh could raise the price of the medium sour crude for November delivery by some $0.45 per barrel. Last month, Saudi Arabia raised the official selling price for Arab Light for Asia by $0.10 cents per barrel to $3.60 a barrel over the Oman/Dubai average, the Middle Eastern benchmark, off which grades…

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