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George Ma
in
Futures
May 10 14:04

World's largest oil company Saudi Aramco presented a price plan for oil buyers in June

According to it, prices have been raised for all markets, including Asia, the U.S. and Europe, writes Bloomberg.
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According to the agency, rising prices for Saudi oil give the market a signal that demand for oil is improving.
Thus, June prices for supplies to Asia rose by US$1.4 per barrel, now the discount to the benchmark has fallen to US$5.9 per barrel