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Kuwait raises October crude OSP to Asia by $0.15 a barrel
Kuwait raised its official selling price (OSP) for crude to Asian buyers for October by $0.15 a barrel from the previous month, a trade source said on Tuesday.
September 11, 2012 9:54 by Reuters
Kuwait raised its official selling price (OSP) for crude to Asian buyers for October by $0.15 a barrel from the previous month, a trade source said on Tuesday.
The OSP for October will be 35 cents a barrel below the average of Oman/Dubai quotes, compared with 50 cents a barrel below the average for September.
Kuwait’s crude price formula is loosely linked to that of Saudi Arabia’s Arab Medium grade.
(Reporting by Osamu Tsukimori; Editing by Chris Gallagher)
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