Saudi Arabia raises all July crude prices for Asia

05/06/2023 | 14:32 GMT

Saudi hikes price premiums after output cut

Saudi Arabia set Arab light crude for July at +$3 to Asia, up from $2.55 previously.

Oil has largely given back the post-OPEC gains in what will be a painful blow to the group. WTI crude oil was last up $0.49 to $72.17.

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