Iraq has raised the official selling prices of its Basra Light and Kirkuk crude to customers in the U.S. and Asia and cut the prices for buyers in Europe , the State Oil Marketing Organization, or SOMO, said Thursday.

The price of Basra Light for delivery to U.S. buyers in October was raised $0.20 a barrel to $1.65 a barrel below the Argus Sour Crude Index, or ASCI. It was $1.85 a barrel below ASCI in September, SOMO said in a statement emailed to Dow Jones Newswires.

Basra Light crude's October delivery price to customers in Europe was cut by $1.05 a barrel to $3.80 a barrel below dated Brent. In September it was $2.75 a barrel below dated Brent, it said.

The October price of Basra Light to buyers in Asia was raised by $0.65 a barrel above the average Oman and Dubai quotes. It was $0.15 a barrel above Oman/Dubai quotes in the previous month, it added.

Kirkuk crude destined for the U.S. market in October was raised $0.20 a barrel to $1.40 a barrel above ASCI compared with $1.20 a barrel above ASCI the previous month.

For European customers, the October price of Kirkuk crude was cut by $0.40 a barrel to $2.30 a barrel below dated Brent. In September it was $1.90 a barrel below dated Brent, SOMO said.
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