NEWS ALERT : Saudi Arabia hikes oil prices for Asia

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NEWS ALERT: Saudi Arabia hikes oil prices for Asia

Weekend news from Bloomberg suggests Saudi Arabia’s inflated oil price for Asian markets for the second consecutive month. After raising the prices of the benchmark Arab Light grade for the region by $0.40 in March, Aramco, the Saudi state energy firm, will raise the key Arab Light grade for the region by 40 cents from April to $1.80 per barrel above the benchmark, per the news.

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