Good Morning Mermaids , Now here is some 'hard data ' that we can all get our teeth into . Saudi Arabia have raised pricing on most oil grades for sale in the U.S. and in Asia , in July , after the nations Energy Minister Khalid al - Falih said demand was robust . Arab Light Sweet up .35c , that's .60c more than the benchmark price .Asian prices are now at the highest level since Sep 2014 . Khalid al- Falih said in Vienna " demand is robust and non OPEC supply is declining " hence the price rise . Also the Saudis have indicated their willingness to co - operate with the rest of OPEC to raise prices and balance the market ..Sce.... Bloomberg ........ Cheers
MRM Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held