Saudi Light Oil Price to Asia Hits 10-Month High on Demand
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Saudi Arabia, the world’s largest crude exporter, raised July pricing for most crude grades it sells to Asia amid signs of stronger demand.
Arab Light for buyers in Asia will sell at parity to the regional benchmark, Saudi Arabian Oil Co. said Thursday in an e-mailed statement. Saudi Aramco, as the state company is known, raised official selling prices for that grade and Arab Medium crude to 10-month highs, data compiled by Bloomberg show.