North Sea Crude-WTI steady, Forties rises

U.S. WTI crude differentials were steady on Friday while North Sea Forties was bid higher.

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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).

WTI Midland: Mercuria bought from Vitol a Dec. 9-13 CIF Rotterdam cargo at dated Brent plus $1.90.

WTI Midland: Phillips 66 sold to Trafigura Nov. 29-Dec. 3 at dated plus $2.50.

The average of dated plus $2.20 is the same as Thursday’s pricing indications and equates to dated Brent plus 81 cents, according to Reuters calculations.

Forties: Mercuria bid for Dec. 7-15 at dated Brent plus $2.35, up from a deal on Thursday.
Source: Reuters (Reporting by Alex Lawler, Editing by Kirsten Donovan)