North Sea Forties crude differentials rose on Friday after a trade in the window, while U.S. WTI Midland was steady as a higher offer did not draw buying interest.

PLATTS WINDOW

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 Unipec Jan. 29-31 at dated Brent minus 20 cents, up from the last indication seen on Wednesday.

WTI Midland: Gunvor offered Jan. 27-31 at dated plus $2.30 CIF Rotterdam, so the value remains steady at dated plus $1.90 CIF Rotterdam after Thursday’s deal at that level.

The WTI trade value on Thursday equated to around dated Brent plus 70 cents on a FOB basis, according to Reuters calculations, so Forties continued to set the dated Brent price as the lowest-priced grade underpinning the benchmark.
Source: Reuters (Reporting by Alex Lawler, Editing by Alexander Smith)