Over the weekend, state-ownedSaudi Aramcoraised the June official selling price ofArab Lightcrude for customers in Asia, signaling a possible bottom in crude prices
One of the recent positives for bonds and non-energy stocks could have run its course after Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month, according to Bloomberg markets live reporter Garfield Reynolds Over the weekend, state-owned Saudi Aramco raised the June official selling price of Arab Light crude for customers in Asia by 90 cents to $2.90 a barrel above the regional Oman-Dubai benchmark, Bloomberg reported.
Most traders and analysts predict that the Organization of the Petroleum Exporting Countries and its allies will extend their output curbs, potentially to the end of the year.
Oil Prices Saudi Arabia Aramco OSP Oil Supply
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