- Saudi Arabia is raising oil prices for US buyers, following a similar move a month ago.Saudi Arabia is raising oil prices for the US market again, while lowering them for Europe and leaving them largely unchanged for Asia.November shipments of Arab Light crude to Asia from state-run producer Saudi Aramco will remain steady at $5.85 per barrel above benchmark prices.Elsewhere, Saudi Aramco hiked prices by $0.20 a barrel for all US grades, while northwest Europe and the Mediterranean saw declines.While Asian prices for the company's light oil was flat, its medium and heavy-grade crude prices ticked up in Asia by $0.25."