I posted over the weekend on Saudi Aramco raising the official selling price of its key Arab Light crude to Asia by 90 cents, bringing it to a $2.20 per barrel premium over the regional benchmarkvs. expected 65 cents / bbl.
On the other hand, the Saudi the state owned oil producer cut prices to Europe and the US:
- sets November Arab light crude oil OPS to NW Europe at minus $0.45 versus ICE Brent.
- sets November Arab light crude OSP to US at plus $3.90 versus ASCI
More on oil:
- Crude oil price forecast
This article was written by Eamonn Sheridan at www.forexlive.com.
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