Brent oil prices rose early on Monday after Saudi Arabia raised its oil price for a third consecutive month, signaling recovering demand. As of 9:26 a.m. EDT on Monday, Brent Crude was up 0.61 at $43.06, but WTI Crude was down 0.52 percent at $40.46. The U.S. benchmark traded down for most of the morning as surging coronavirus cases in the United States have oil market participants worried about the trend of demand recovery in America. Brent Crude prices were supported, however, by Saudi Arabia’s oil giant Aramco lifting the price for almost all its grades to Asia, Europe, and the United States for August. Refiners were expecting an increase in the Saudi official selling prices (OSPs) as the Middle Eastern benchmarks had strengthened amid tighter supply over the past weeks. The pricing of Saudi crude, typically released around the fifth of each month, generally sets the trend for […]