KSA ups US oil export prices

Saudi Arabia, the world's top oil exporter, raised the February official selling price of its oil to U.S. customers compared with January but cut the price to Europe, state oil firm Saudi Aramco said in a statement.

For shipments to Asian buyers, Aramco cut prices for light crude but raised prices for heavier oil.

The kingdom raised the price of Arab Light crude to refiners in the United States by $2.70 a barrel to a discount of $4.15 to WTI. It cut the price to buyers of Arab Light in the Mediterranean by 65 cents, and to buyers in Asia by 20 cents. (Reuters)