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The rollover of Saudi oil output cuts into August and a visibly tighter market have finally led to more bullish sentiment in markets, leading to higher Middle East crude prices
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Official selling prices to Europe were all lifted by 80 cents a barrel
(Reuters) -Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.
Saudi Arabia issued big price increases for its crude to Europe and the Mediterranean.