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Saudis Signal Oil Market Will Stay Tight With Price Hike

  • Saudi Aramco raises Arab Light grade for Asia to record level
  • Move comes a day after OPEC+ agreed to a small output increase
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WATCH: Bob McNally, Founder and President of Rapidan Energy Group, discusses the outlook for oil.Source: Bloomberg
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Saudi Arabia raised oil prices for buyers in Asia to record levels, a sign the world’s largest exporter sees the region’s market remaining tight.