Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.

Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.

Saudi Arabia cut its July crude oil selling prices for customers in Asia, Europe, and the United States for a second consecutive month as weakening demand and lower Middle Eastern…