Saudi Arabian Oil Co. (Saudi Aramco) raised the price of crude oil for Asia in November on Wednesday, and cut prices for the United States and northwest Europe.

Saudi Aramco will increase the official price of light crude oil by 0.30 cents in the face of high demand for crude oil.

Saudi Aramco will also raise the price of light oil by 0.20 cents in the Mediterranean region.

However, the company will cut prices by 0.20 cents and 0.55 cents, respectively, in the United States and Northern Europe, reflecting the weakening demand in these regions.

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