Market concerns about oversupply, Saudi Arabia's increase in crude oil prices to Asia in June fell short of expectations.

According to the information obtained by Wise Finance APP, despite OPEC+ announcing a significant increase in production for June, Saudi Arabia has raised the prices of all crude oil exports to Asia in June. It is reported that Saudi Aramco has increased the prices of all crude oil (including the main Arab light crude) aimed at Asian buyers in June by 20 cents per barrel. However, according to a survey conducted before the OPEC+ meeting, refiners and traders expected an increase of 30 cents per barrel.