Kuwait Slashes June Crude Prices for Asia

Kuwait cut the June official selling prices (OSPs) for two crude grades from a record level set last month, a price document reviewed by Reuters showed on Wednesday.

The producer has set the June Kuwait Export Crude (KEC) price at US$4.35 a barrel above the average of DME Oman and Platts Dubai quotes, down US$4.95 from the previous month. It also lowered the June Kuwait Super Light Crude (KSLC) OSP by US$4.95 to US$4.70 a barrel above Oman/Dubai quotes.