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RIYADH: Saudi Arabia lowered the price of its Arab Light crude grade to Asia and Europe for the month of June, according to a pricing document released by oil producer Saudi Aramco on Sunday.
The price of the Arab Light benchmark sold in the US in June was unchanged from the previous month, at $5.65 per barrel above the Argus Sour Crude Index.
Arab Light sold in June in the Far East was priced $4.40 per barrel above the average of the Oman and Dubai benchmarks, compared to a price differential of +$9.35 in May.