On Friday, Saudi Aramco lowered the official sales price of Arabian light crude oil for Asian customers in December by $2 per barrel compared to November, and increased the average price of Oman/Dubai crude oil to $6.50 per barrel, the lowest level since the COVID-19 pandemic in May 2020. According to pricing documents, Saudi Aramco also cut the price of all grades of crude oil for the North-West and Mediterranean regions by $1 per barrel in December, while prices remained unchanged in the US market.

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