SAUDI PRICES UP
Saudi Arabia, the world's largest crude exporter, has raised June oil prices to Asia by the most in 14 months, in a hopeful sign that demand from the region is on the up.
Saudi Aramco, the state-owned oil company, said in a statement on Thursday that it would raise its official selling price for its benchmark Arab Light crude by $1.10 to its customers in Asia. The region is its largest market, receiving more than half of Saudi crude exports.
The last time there was an increase this big was more than a year ago when Aramco lifted…
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