Saudi Aramco cut prices for all of its oil grades to Asia for a second month in a sign that the world’s biggest crude exporter sees continued demand weakness in its main market.

Oil prices have risen over the past month as Aramco crimped exports , with June shipments to customers abroad dropping to a 10-month low. Brent crude recovered from a slump to trade above $85 a barrel as geopolitical risks persisted in the Middle East and Hurricane Beryl threatened to batter some US production.