Reports that Saudi has cut its oil prices to Europe, raised for the US | Forexlive

Saudi Aramco kept its December official selling price (OSP) for Arab Light grade to Asia unchanged from November:

• OSP for Arab Light $4 a barrel over the Oman/Dubai average
• a pause after five months of price hikes
• price change is in line with market expectations, as refiners facing weak oil processing margins and supply uncertainties
• raised Extra Light crude price to Asia for a third month, by 70 cents to $4.05 a barrel over Oman/Dubai quotes

Saudi Aramco cut its December Arab Light OSP to northwest Europe by $2.30 a barrel to $4.90 a barrel above ICE Brent

• OSP of Arab Light to the United States was raised by $1.30 to $8.75 versus ASCI in December

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The reports cite two unnamed sources with knowledge of the matter