North Sea Crude‑WTI Midland steadies, Forties offered lower

MITSUI & CO.

08/05/2026 17:11

LONDON, May 8  (Reuters) - U.S. WTI Midland differentials were steady on Friday while Forties weakened on a lower offer as hopes that a U.S.-Iran peace deal could eventually boost supply weighed on the market.

PLATTS WINDOW

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

One cargo traded.

WTI Midland: Vitol bought a May 26‑30 cargo from Mitsui at dated Brent plus $1.50 CIF Rotterdam, steady from Thursday. That was equal to dated minus 10 cents on an FOB basis according to Reuters calculations.

Two Forties cargoes were offered on a CIF basis.

Forties: Trafigura offered a May 20‑30 cargo at dated Brent plus $2.75.

Forties: Gunvor offered a May 30‑June 1 cargo at dated Brent plus $1.60. That was equal to dated minus 26 cents on an FOB basis according to Reuters calculations.

 (Reporting by Alex Lawler
Editing by Louise Heavens)

 ((alex.lawler@thomsonreuters.com))