North Sea Crude ‑ Steady for second day on lack of bids and offers
North Sea Crude ‑ Steady for second day on lack of bids and offers LONDON, June 5 (Reuters) - North Sea and U.S. WTI Midland crude differentials were steady on Friday, traders said, after a lack of bids, offers or deals in the Platts window for benchmark grades for a second session.
PLATTS WINDOW
Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
No indications in Fridays' window for benchmark grades, a market source said.
Johan Sverdrup: Equinor bid for a cargo of this grade, the source said. Sverdrup is not one of the the six benchmark grades that set the dated Brent value.
Brent valued at dated Brent plus 89 cents remains the lowest priced of the six grades and so it sets the dated Brent value.
(Reporting by Alex Lawler, Editing by Louise Heavens)
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