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Petronas sets Nov crude price factor at $4.50/bbl

Reuters

(For OSP list, click )

SINGAPORE, Nov 10 (Reuters) - State oil firm Petronas

has set the price factor for Malaysian Crude Oil for

November at $4.50 per barrel, up $0.55 from the previous month,

a document reviewed by Reuters showed on Friday.

The monthly price factor is added to the average of Platts'

dated Brent prices published in the month to derive the

Malaysian crude official selling price (OSP).

Petronas changed its OSP mechanism effective January 2017,

basing its benchmark price on a basket of four Malaysian crude

grades Labuan, Miri Light, Kikeh and Kimanis.

(Reporting by Florence Tan; Editing by Sherry Jacob-Phillips)