Saudi Arabia raises Arab light crude to Asia in July

Economy and stock exchange

SAUDI ARABIA [Reuters] – Saudi Arabian Aramco said on Sunday it had raised its Arab light crude for Asian buyers in July to $ 0.60 a barrel from June to $ 2.70 per barrel above the average for Oman and Dubai.

The company reduced the official sales price of Arab light crude in shipments to northwestern Europe, to a discount of $ 1.10 a barrel from the price of Brent crude on the Intercontinental Stock Exchange, down $ 1.10 a barrel from June .

The official selling price of light crude for the United States was set at $ 2.75 a barrel above the Argos Crude Oil Index for July, down 30 cents a barrel from the previous month..