Wednesday, Jan 04, 2012

LONDON (Dow Jones)--State-owned Saudi Arabian Oil Co., or Aramco, Wednesday cut most of its official selling prices for February term supply of crude oil, in line with traders' expectations.

In a statement seen by Dow Jones Newswires the company cut prices of crude to Asia and Europe, but raised the price of light crudes travelling to the U.S.

-By Sarah Kent, Dow Jones Newswires;4420-7842-9376; sarah.kent@dowjones.com

(END) Dow Jones Newswires

04-01-12 1409GMT