North Sea and U.S. WTI Midland crude differentials were steady on Friday after the U.S. grade was offered at a higher value than the last trade.
PLATTS WINDOW
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
No deals, a trade source said.
WTI Midland: Gunvor offered and withdrew two cargoes CIF Rotterdam at dated Brent plus $2.50, above the last deal at dated Brent plus $2.10 done on Wednesday.
WTI Midland was therefore steady at dated Brent plus $2.10 CIF Rotterdam, equating to around dated plus $1.17 on an FOB basis according to Reuters calculations.
North Sea grades: no indications, a trade source said.
Source: Reuters (Reporting by Alex Lawler; Editing by Louise Heavens)