Saudi cuts light oil prices to Asia as global oversupply persists - RTRS

Reuters quoting sources familiar with the matter, citing that Saudi Arabia cut April prices of light crude it sells to Asia for the first time in three months in a bid to shore up demand in an oversupplied market.

The April (OSP) for Arab Light was set at the low end of forecasts in a Reuters survey and the 75 cent cut for Arab Extra Light was deeper than expected.