North Sea Crude-WTI, Brent rise

U.S. WTI Midland and North Sea Brent crude differentials rose on Friday, while Forties was offered higher although buyers stuck to the sidelines.

PLATTS WINDOW

* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

* WTI Midland: Mercuria sold to Gunvor May 1-5 CIF Rotterdam at dated Brent plus $1.75. The deal equated to around dated plus 77 cents on a FOB basis, according to Reuters calculations.

* Brent: Gunvor bid for April 23-25 at dated Brent plus 65 cents.

* Forties: Gunvor offered April 22-24 at dated Brent plus 90 cents, above the last assessment. There was no higher bid on Friday.

* Forties is still valued at dated plus 40 cents, meaning it is the lowest priced grade underpinning the dated benchmark on Friday, and therefore sets its price.
Source: Reuters (Reporting by Alex Lawler, Editing by Tomasz Janowski)