Saudi Arabia raised the official promoting value (OSP) for its flagship Arab Mild crude to Asia in April.
- Saudi Aramco set the OSP for April-loading Arab Mild crude to Asia at $1.70 a barrel over the Oman/Dubai common
- Up from the earlier $1.50
- market expectations had been for a spread from unchanged to +20 cents a barrel for April.
This text was written by Eamonn Sheridan at www.forexlive.com.
