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TOKYO: Kuwait has raised its official selling price (OSP) for crude to Asian buyers for November by $0.75 a barrel from the previous month, a trade source said on Thursday.
The OSP for November will be 40 cents a barrel above the average of Oman/Dubai quotes, compared with 35 cents a barrel below the average for October.
Kuwait's crude price formula is loosely linked to that of Saudi Arabia's Arab Medium grade.
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