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Trading news
11 Aug 2016
Oil: Kuwait cuts price for Asia to 4-month low – Reuters
As per Reuters report, Kuwait has cut the price of its oil for Asia to four-month low.
The nation set its September official selling price for oil sales to Asia at -$23.65/barrel to the average of Oman/Dubai crude.
On Aug 1, Kuwait had announced a hike in gasoline prices to counter the oil revenue drop