Kuwait raises Jan crude OSP to Asia by 35 cents/bbl

TOKYO, Dec 10 (Reuters) - Kuwait has set its official

selling price (OSP) for crude sold to Asian buyers for January

at 65 cents a barrel above the average of Oman/Dubai quotes, up

35 cents from the previous month, a trade source said on Monday.

The December OSP was set at 30 cents a barrel above the

average of Oman/Dubai quotes.

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

Saudi Arabia's Arab Medium grade.

(Reporting by Osamu Tsukimori; Editing by Michael Watson)

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