Oman to cut crude supplies to meet local refinery demand, OPEC output cuts

Reuters quoting trade sources familiar with the matter, citing that Oman is expected to cut crude supplies to meet local refinery demand and comply with the OPEC production cut deal.

The trade sources added that Oman has told some Term buyers in Asia that it will reduce crude supplies by 15% from June.

EUR/USD bounces-back above 1.0800 on upbeat PMIs

The EUR/USD pair witnessed a fresh buying-wave in the European session, as the bulls finally broke away from the Asian consolidation phase near daily
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GBP/USD bullish, upside could be losing steam – UOB

In view of FX Strategists at UOB Group, the outlook on Cable stays bullish although it could struggle to advance further north of 1.2532. Key Quotes
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