By David Sheppard LONDON (Reuters) - Brent dipped on Wednesday but held above $60 a barrel, supported by a rise in Saudi crude prices and air strikes and militant raids on oil facilities in Libya. In a move widely seen as showing Saudi Arabia's confidence in a demand recovery, the OPEC kingpin raised official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday. "This is a sign that prices have bottomed out because it means Saudi is confident in raising prices without being afraid of losing market share," said Tony Nunan, a risk manager at Mitsubishi Corp in Tokyo. In the past seven weeks, Brent crude has risen from a six-year low near $45 to hold above $60 a barrel, despite continued concern about global oversupply.
Two Australian drug smugglers were transferred Wednesday to an Indonesian island where they will be executed, as Prime Minister Tony Abbott said Australia was "revolted" by their looming deaths after frantic diplomatic efforts to save them. Andrew Chan and Myuran Sukumaran, the ringleaders of the so-called "Bali Nine" drug smuggling gang, were woken and given a few minutes to get ready before leaving Bali's Kerobokan jail in the early hours, said local justice ministry official Nyoman Putra Surya. The men, sentenced to death in 2006 for trying to smuggle heroin out of Indonesia, said "thank you" before leaving, and "we handcuffed them and they were quiet", he added. Michael Chan attempted to see his brother Andrew before the transfer but prison officials denied him entry, with Surya saying the decision was taken because "today is not visiting day".