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Saudi Arabia cuts crude oil prices to the US

US oil production has increased 54% in past 3 years and is at a 30-year peak

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Saudi Arabian Oil Co lowered the cost of its crude to the US, where production is the highest in three decades, deepening a sell-off that sent prices to the lowest in more two years.

Dubai

SAUDI Arabian Oil Co lowered the cost of its crude to the US, where production is the highest in three decades, deepening a sell-off that sent prices to the lowest in more two years. The state-owned producer, known as Saudi Aramco, lowered the premium for Arab Light relative to US

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