Commodities

Oil slips as Saudi Aramco gives Asia its biggest discount since 2020

Brent crude slipped toward $102 a barrel as a G7 stock release and rising Gulf exports offset the effect of Houthi attacks.

Saudi Aramco cut its Arab Light price for Asia by $3, the widest discount since 2020.

For beginners When a major producer cuts its official selling price, it signals oversupply in the market and typically weighs on global oil prices.

Brent crudeBrent crude in the simulatorCovered in lesson 1.2 →