Kuwait cuts November crude price for Asia by 5 cents/bbl

SINGAPORE (Reuters) — Kuwait has cut the November official selling price (OSP) for its crude oil sold to Asia by 5 cents per barrel from the previous month, two industry sources familiar with the matter said on Wednesday.

Kuwait will sell crude to its Asian customers at a discount of $1.10 a barrel to the average of the Oman/Dubai benchmark prices in November, compared with a discount of $1.05 per barrel in October.

Reporting by Florence Tan; Editing by Sunil Nair

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