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Saudi Arabia likely to raise March crude prices to Asia - RTRS

Reuters quotes sources familiar to the matter, citing that Saudi Arabia is expected to slightly increase its crude prices for Asian customers in March in line with a stronger Dubai benchmark price.

One source noted, “"It's simply because of the market structure as the contango is slightly shallower."

 

GBP/USD probing daily lows around 1.2550 ahead of data

The Sterling is trading on a bearish note on Wednesday, with GBP/USD giving away part of yesterday’s strong advance and returning to the mid-1.2500s.
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EUR/USD faces strong resistance around 1.0820/26 – Commerzbank

In light of the recent price action, spot now faces a tough barrier in the 1.0820/26 area, suggested Karen Jones, Head of FICC Technical Analysis at C
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