Saudi Aramco raises Asia-bound Arab Super Light by $2.75/b Oil market to remain tight for time being Crude oil futures edged higher in mid-morning trade in Asia June 6 after surging by more than $2/b at the open, as Saudi Arabia aggressively hiked its official selling prices for Asia in a sign that it expects demand to remain robust despite soaring oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:39 am Singapore time (0239 GMT), the ICE August Brent futures contract was up 99 cents/b (0.83%) from the previous close at $120.71/b, while the NYMEX July light sweet crude contract rose 99 cents/b (0.83%) at $119.86/b. Saudi Aramco raised all of its OSPs across Asia, Europe and the Mediterranean for July-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest increases of between $1.80/b and $2.75/b, […]