Saudi Arabia cuts December crude official prices to Asia

Saudi Arabia's state oil producer Aramco cut its December official selling price (OSP) for its Arab Light crude to Asia by $0.10 a barrel, setting it at a minus $0.50 per barrel versus the Oman/Dubai average, according to a document seen by Reuters on Thursday.

The company set the Arab Light OSP to Northwestern Europe at a discount of $1.40 a barrel over ICE Brent, up $0.60 from November and to the United States at plus $0.85 per barrel over ASCI (Argus Sour Crude Index), down $0.20 from the previous month.