Saudi ups Jan light crude prices to Asia, US

Saudi Arabia raised its official selling prices for January for light crude oil to customers in Asia and the U.S., an industry source told Reuters on Sunday.

The kingdom raised the price of Arab Light to US customers by $0.50 a barrel to WTI plus $0.25.

It raised the Arab Light price for customers in the Far East by $1.25 to the Oman/Dubai average plus $1.60 a barrel.