Iraq Cuts Aug Basra Light Crude OSP to Asia

Iraq has cut the August official selling price (OSP) for Basra Light crude to Asia by US$0.35 to plus US$1.75 a barrel against the average of Oman/Dubai quotes from the previous month, according to a pricing document reviewed by Reuters on Tuesday. Basra Heavy to Asia in the same month was priced at minus US$0.60 a barrel to Oman/Dubai quotes, up 10 cents.