Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower.

Saudi Arabia sets September Arab Light oil price at a $2 discount. Crude oil reaching a new all-time high by September 30 at 2.9% YES.

Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower.