Saudi Arabia has raised its main oil prices for buyers in Asia, cut price to Europe and US

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.