North Sea Crude-WTI Midland, other grades fall further

MITSUI & CO.

07/05/2026 18:17

LONDON, May 7  (Reuters) - U.S. WTI Midland differentials weakened on Thursday, as did those for North Sea Forties and Ekofisk on hopes that a U.S.-Iran peace deal could bring a reopening of the Strait of Hormuz.

PLATTS WINDOW

Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.

Three cargoes traded.

WTI Midland: Shell bought a May 19-23 cargo from Phillips 66 at dated Brent plus $1.50 CIF Rotterdam.

WTI Midland: Mercuria bought from Phillips 66 a May 30-June 3 cargo at dated Brent plus $2.50 CIF Rotterdam.

The lower of the trades was equal to approximately dated Brent minus 30 cents, according to Reuters calculations.

Ekofisk: Vitol bought from Phillips 66 for May 19-21 at dated Brent plus $2.15.

Forties: Gunvor offered for May 30-June 1 at dated Brent plus $1.00.

 (Reporting by Alex Lawler
Editing by Vijay Kishore)

 ((robert.harvey@thomsonreuters.com))