W.Africa Crude - Market quiet, awaiting loading programs
W.Africa Crude - Market quiet, awaiting loading programs LONDON, Aug 19 (Reuters) - The West African crude oil market was quiet on Wednesday as traders awaited loading programs and watched a volatile oil market.
Brent crude futures rose over 1% while U.S. WTI prices jumped over 2% after the United Arab Emirates decided to suspend all financial and economic transactions with Iran. O/R
Increased availability of Middle East and Latin American grades was still partially weighing on the West African market as all grades compete among Asian refiners, but demand had improved for the grades, traders have told Reuters.
Meanwhile, Nigeria's Dangote Refinery's crude imports were coming in at around 640,000 month-to-date in August, recovering from the slightly lower June-July period, analysts at Kpler said in a note.
(Reporting by Seher Dareen;Editing by Elaine Hardcastle)
((seher.dareen@thomsonreuters.com))
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