BUSINESSMay 5 · 19:20 UTCBLOOMBERGAnthony Di Paola, Yongchang Chin, Lucia Kassai

Saudi Arabia Cuts Oil Prices for June From Record-High Premium

Saudi Arabia has cut oil prices for June, reducing the record-high premium. The move is expected to impact the global oil market. Saudi Aramco's decision may influence oil prices worldwide.

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