On Saturday, Saudi Arabia reduced the official selling price of Arab Light crude to Asia in October, by $0.50 a barrel, against the average price of Oman and Dubai crude.

This also lowered the official selling price of Arab Light crude to northwestern Europe in October by two dollars a barrel from the Brent settlement price, down 20 cents from September.

The British agency added that Riyadh had set the official selling price of Arab Light crude to America at a premium of $1.05 a barrel over the “Argus” index of high-sulfur crude for the month of October, down 60 cents compared to last month.

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