By Giulia PetroniTop oil exporter Saudi Arabia cut prices for all crude grades it sells to Asian customers for a second month in a row in August amid robust supply from countries outside OPEC and uncertainties over the demand outlook. Prices for other lighter and heavier crude grades were also lowered. Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. Write to Giulia Petroni at giulia.petroni@wsj.com-Giulia PetroniThis content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires07-05-24 0133ETCopyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal July 05, 2024 05:38 UTC