LONDON, Jan 7: Saudi Arabia has raised its Europe-bound crude oil prices for February by between 10 cents and 40 cents a barrel, trading sources said on Monday.

They said the biggest price hike was for Arab Extra Light which was raised by 40 cents while the the price of the main Arab Light grade was increased by 30 cents. The prices are set against the IPE Brent crude weighted average (BWAVE), in dollars per barrel: Feb Jan Change Arab Extra Light -0.80 -1.20 +40 cents Arab Light -1.75 -2.05 +30 cents Arab Medium -2.20 -2.40 +20 cents Arab Heavy -2.60 -2.70 +10 cents—Reuters