Saudi
Arabia, the world’s largest crude exporter, raised pricing for October
oil sales to Asia and the U.S. in a sign of strengthening demand.
State-owned
Saudi Arabian Oil Co., known as Aramco, increased its official
selling price for Arab Light crude to Asia by 90 cents a barrel, to
20 cents below the regional benchmark.
The company had been expected to raise Arab Light prices by
50 cents a barrel, to 60 cents less than the benchmark for Asian buyers.
We're still talking chump change but at least the trend is encouraging.
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