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Bloomberg Report talked about an increase in oil supply and price from Saudi Arabia to Asian countries while these states are looking for a replacement of Iranian oil ousted from the market as a result of discontinued sanctions waivers. The price of Arab Medium crude was set at the highest in more than four years, while Arab Heavy was set at the highest price in more than six years.

Asian Economies Buy More Oil from Saudi Arabia at a Higher Price

Bloomberg Report talked about an increase in oil supply and price from Saudi Arabia to Asian countries while these states are looking for a replacement of Iranian oil ousted from the market as a result of discontinued sanctions waivers.

The price of Arab Medium crude was set at the highest in more than four years, while Arab Heavy was set at the highest price in more than six years.

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