Kuwait raises July crude OSP to Asia by 45 cents/bbl

SINGAPORE, June 11 (Reuters) - Kuwait raised the official

selling price (OSP) for its crude sales to Asian buyers for July

by 45 cents a barrel from the previous month to 15 cents a

barrel below the average of Oman/Dubai quotes, a trade source

said on Monday.

The June OSP was 60 cents below the Oman/Dubai average.

Kuwait's crude price formula is loosely linked to that of

Saudi Arabia's Arab Medium grade.

(Reporting by Florence Tan)