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Petronas sets Feb crude price factor at $5.40/bbl

Reuters

(For OSP list, click)

SINGAPORE, Jan 23 (Reuters) -

* State oil firm Petronas on Wednesday said it had set the price factor for Malaysian Crude Oil (MCO) for February at $5.40 per barrel, down 10 cents from the previous month.

* The monthly price factor is added to the average of Platts' dated Brent prices published in the month to derive the Malaysian crude official selling price (OSP).

* Petronas changed its OSP mechanism effective January 2017, basing its benchmark price on a basket of four Malaysian crude grades - Labuan, Miri Light, Kikeh and Kimanis. (Reporting by Jessica Jaganathan; Editing by Joseph Radford)