Sources: Saudi Arabia expected to hike crude prices to Asia in July for third month – Reuters

Based on commerce sources, Saudi Arabia is more likely to raise costs for all crude grades it sells to Asia in July for a 3rd straight month, Reuters stories. 

A Reuters survey of 4 sources at refineries confirmed that the highest oil exporter is more likely to improve the official promoting value (OSP) for flagship Arab Gentle crude by as much as $1 a barrel to the very best since January 2014.

One of many sources mentioned: The market construction “could be very bullish however refining margins don’t help that”.

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