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SINGAPORE: Petronas has set the price factor for Malaysian Crude Oil (MCO) for February at $4.80 per barrel, down 50 cents from the previous month, the state oil firm said on Monday.
Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh which came into effect in January 2014.
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