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Saudis Hike Oil Prices More Than Expected in Confidence Sign

Markets

Anthony Di Paola, Alfred Cang, Rakesh Sharma

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July 6, 2025

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Bloomberg

Saudi Arabia raised prices for its main crude grade for buyers in Asia next month by more than its customers had been expecting, a sign Riyadh is confident the market is strong enough to withstand extra supplies that OPEC+ is adding.

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