ICYMI: Saudi Arabia lowered some July price of crude for Asia, raised for Northwest Europe ...Middle East

Aramco’s latest pricing moves suggest a softer demand outlook in Asia, with cuts across its light and medium crude grades, while the price for Arab Heavy remained unchanged.

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The decision came just as OPEC+ members agreed on Saturday to step up production for a third straight month in July, adding to concerns of a supply glut amid an uncertain demand environment.

This article was written by Eamonn Sheridan at www.forexlive.com.

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