Saudi crude oil supply to China is set to fall to a record low of about 10mln barrels in June, sources say

The news that Saudi crude oil supply to China is expected to hit a record low of about 10 million barrels in June is significant, as it suggests a tightening supply scenario in a key market. This decrease could drive prices higher, especially if demand remains strong or rebounds, impacting both WTI and Brent benchmarks as traders reassess their outlook on global supply dynamics and inflationary pressures.