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By Giulia Petroni Saudi Arabia cut the price for its flagship Arab Light crude to Asian customers despite extending voluntary output cuts amid concerns around an oversupplied market. ...
For the first time in seven months, Saudi Arabia has reduced the official selling price of its flagship crude for Asian buyers.
Brent crude futures fell 63 cents to $76.57 a barrel by 1211 GMT, while U.S. WTI crude futures fell by 58 cents to $71.74
MARKET WRAPS Watch For: ADP National Employment Report for November; Trade for October; Revised Productivity and Costs for 3Q; EIA Weekly Petroleum Status Report; Canada Trade for October;... -December 06, 2023 at 06:17 am EST - MarketScreener
On Tuesday, Saudi Arabia reduced the official selling price of its flagship Arab Light for Asian buyers in January. This is the first price reduction for the last seven months, Reuters noted in a report, but it is a modest one, at $0.50 per barrel. ...