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Iraq cuts April crude prices to U.S. and Asia; ups Europe

Iraq cut the price of Basra light crude to U.S. buyers for April by 10 cents to 60 cents per barrel

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Iraq cut the price of Basra light crude to U.S. buyers for April by 10 cents to 60 cents per barrel below the Argus (ASCI) benchmark and raised the prices to Europe, the State Oil Marketing Organisation (SOMO) said on Sunday.

The price for Basra light crude for Asian buyers was set at a discount of 70 cents to the average of Oman/Dubai quotes versus a discount of 60 cents for the previous month.

The price of Basra crude for European buyers was set at a discount of $4.35 to the North Sea spot benchmark BFOE versus $4.60 below the benchmark the previous month.