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Saudi cuts Aug light crude prices to Asia and U.S.

DUBAI
Sun Jul 6, 2008 12:25am EDT

DUBAI (Reuters) - Saudi Arabia cut its official selling prices for August for light crude oil to customers in the United States and Asia, state oil firm Saudi Aramco said late on Saturday.

The kingdom cut the price of Arab Light to U.S. customers by 55 cents a barrel to WTI minus $3.00 a barrel.

It cut the Arab Light price for customers in the Far East by 70 cents to the Oman/Dubai average plus $1.35 a barrel.

(Reporting by Ola Galal; Editing by Thomas Atkins)


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