OIL FELL NEARLY 2% AFTER SAUDI ARAMCO CUT ARAB LIGHT PRICES FOR ASIAN BUYERS TO $5 A BARREL BELOW THE REGIONAL BENCHMARK, THE LOWEST LEVEL IN SIX YEARS, AS CRUDE FLOWS THROUGH THE STRAIT OF HORMUZ RECOVERED; WTI DROPPED 1.8% TO $89.43 AND BRENT FELL 1.9% TO $100.32.