Both Saudi Arabia and Qatar have raised their official selling prices for crude, according to traders.While Saudi upped Arab Light crude price by 15 cents per barrel, Qatar raised August price for Marine crude to $72.90 a barrel, up $1.65 from July.

Saudi Arabia raised its OSPs for its benchmark Arab Light crude oil to Asia, the US, northwest Europe and the Mediterranean for October, state-run oil company Saudi Aramco said.

Its key OSP for Arab Light to Asia was raised by 15 cents per barrel, to the average of Oman and Dubai crude minus 50 cents, Saudi Aramco said in a statement.

Qatar said it had set the August Qatar Land crude OSP at $73.95, up $1.60 from July, the traders said.-Reuters