Saudi Arabia cut July official selling prices for crude oil to Asia for a second straight month, reflecting easing spot premiums amid slow demand. The price move comes despite supply disruptions tied to the U.S.-Israeli war with Iran, suggesting demand weakness is outweighing near-term geopolitical support. The article is largely pricing-focused and should be modestly relevant for oil markets rather than the broader market.
Saudi Arabia cut July official selling prices for crude oil to Asia for a second straight month, reflecting easing spot premiums amid slow demand. The price move comes despite supply disruptions tied to the U.S.-Israeli war with Iran, suggesting demand weakness is outweighing near-term geopolitical support. The article is largely pricing-focused and should be modestly relevant for oil markets rather than the broader market.
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