RIYADH: Saudi Aramco raised the October official selling prices for the flagship Arab light crude it sells to Asia to plus $3.60 a barrel versus the Oman/Dubai average, the oil company announced on Wednesday. The top oil exporter set its Arab Light OSP to Northwest Europe at $5.70 a barrel against ICE Brent for October and to the US at $7.45 versus ASCI. Saudi Arabia and Russia on Tuesday extended their voluntary oil cuts to the end of the year, the former to the tune of 1 million barrels per day and the latter by 300,000 bpd. These are on top of the April cut agreed by several OPEC+ producers running to the end of 2024. Both countries will review their decisions monthly to consider deepening cuts or raising output, depending on market conditions. With the new decision, Saudi Arabia’s oil output for October, November, and December will be approximately 9 million barrels per day. Reflecting near-term supply concerns, front-month Brent futures had traded on Wednesday near 9-month highs at $4.13 a barrel above prices in six months. US West Texas Intermediate futures’ equivalent spread was as much as $4.88 a barrel, also hovering near nine-month highs.