Saudi Arabia will raise oil prices to all regions in July, according to the state-run company, Saudi Aramco.

The cost increase will be most significant for the United States and the Northwest European region, at $0.9 per barrel.

Buyers from Mediterranean countries will face a price rise of $0.6 per barrel.

In the meantime, oil for delivery to Asian countries will increase by $0.45 per barrel next month.

As a result, the Arab Light brand will cost $3 per barrel more compared to the Oman/Dubai oil basket. This is the highest level in the last six months.

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