Kuwait lowers the price of crude oil sold to Asia in July.

According to a price document seen by Reuters on Friday, Kuwait has significantly reduced the official selling price of Kuwaiti export crude oil to Asia in July, setting it at a premium of $5.25 per barrel above Oman/Dubai benchmark prices, a decrease of $7.50 per barrel from the previous month. Kuwait also lowered the official selling price of July's light crude oil by $7.50 per barrel, with a premium of $5.25 per barrel above Oman/Dubai benchmark prices.