North Sea Forties was bid in the Platts window on Friday below where the grade last traded, while U.S. WTI Midland was offered above the last deal level, leaving differentials for both grades unchanged on the day.
PLATTS WINDOW
* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).
* There were no deals on Friday.
* Forties: Total bid $0.75 plus dated Brent for Feb 8-10.
* WTI Midland: Shell offered $2.40 on a CIF Rotterdam basis plus dated Brent, equivalent to $1.56 on a FOB basis, for Feb 6-10, according to Reuters calculations.
Source: Reuters