Markets

Iraq raises Dec crude price to Asia as expected

TOKYO : Iraq has raised the official selling price of its Basra Light crude for loading in December to customers in A
Published November 14, 2011

oilTOKYO: Iraq has raised the official selling price of its Basra Light crude for loading in December to customers in Asia, as expected, a trader said on Monday.

That was within the range of expectations in a Reuters survey.

The December price for Asian buyers rose to a premium of $1.80 to the average of Oman/Dubai quotes, up 15 cents from November, the trader said.

 

Copyright Reuters, 2011

 

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