Saudi Arabia likely to hike Asia crude prices in July - Reuters

The latest oil market headlines crossing the wires via Reuters, cites Saudi Arabia to hike crude prices it sells to Asia in July.

Reuters report that "Saudi Arabia is expected to raise the prices for most crude grades it sells to Asia in July to track a stronger Dubai benchmark, trade sources said on Tuesday."

The Reuters story further reported that the July official selling price (OSP) for flagship Arab Light is expected to climb 25 to 50 cents a barrel, up for a second month.