Average Dubai crude oil price rises to 10-month-high in December: Sources

SINGAPORE: Middle East crude benchmark Dubai, as quoted by price-reporting agency S&P Global Platts, rose for a second straight month in December to an average of $49.815 a barrel, the highest since February, two market participants said on Monday.

Middle East producers set their monthly official selling prices (OSPs) at premiums or discount to these averages.

Saudi Aramco changed the benchmark for setting its official selling prices to Asia starting from October 2018 to the average of Platts Dubai and DME Oman crude futures.