North Sea Crude-Forties weakens after deal
North Sea Forties crude differentials weakened on Friday for a second day after Gunvor trimmed its offer, resulting in a trade.
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Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
Forties: Gunvor sold to Vitol a Jan. 27-29 cargo at dated Brent minus 70 cents, down 20 cents from an offer on Thursday.
No other bids or offers, a trade source said.
Source: Reuters