Saudis Raise Main Oil Prices for Asia a Day After OPEC Hike

Saudis Raise Main Oil Prices for Asia a Day After OPEC  Hike

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month as demand for oil and fuels holds up. The move, a day after OPEC producers agreed to a fourth round of big output hikes, suggests the kingdom is confident about the market.

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