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  • Saudi Aramco Cuts Crude Oil Prices for Several Regions

    Saudi Arabian Oil Co. on Thursday slashed the price at which it will sell crude oil to several markets in September. The state-run Arabian oil company, otherwise known as Saudi Aramco, lowered the price for its Arab light crude oil-- which it will sell in Asia in September--by $0.30 cents a barrel, giving it a $0.90 cents-a-barrel premium to the Oman/ Dubai average. The decision ended a three-month streak of increases in its Asian light crude selling price.

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