Petronas sets Jan crude price factor at $5.50/bbl, highest in 2 years

KUALA LUMPUR: Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for January at $5.50 per barrel, 10 cents higher than the previous month, the company said on MondayThis marks the highest monthly price factor since 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