Saudi Arabia Cuts Oil Prices for June From Record-High Premium

Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May, though it remained near historic levels as the war in the...

By Anthony Di Paola, Yongchang Chin, Lucia Kassai · Bloomberg Markets

Saudi Arabia cut the price of its main oil grade for Asia next month from a record-high in May, though it remained near historic levels as the war in the Middle East continues to severely disrupt supplies.