North Sea Crude-WTI trades lower after slide in offers
Tue 17:16
North Sea Crude-WTI trades lower after slide in offers Oct 20 (Reuters) - WTI Midland crude differentials in Europe dropped sharply on Tuesday, adding to the decline seen on Friday when sellers cut offers.
PLATTS WINDOW
Indications are free on board unless marked as cost, insurance and freight or delivered at place.
Two deals, a market source said.
WTI Midland: Trafigura bought from BP a November 15-19 cargo at dated Brent plus $8.90 on a CIF Rotterdam basis, the person said. There was another deal at dated Brent plus $9.40.
The lower of the deals was equal to about dated Brent plus $4.50 on an FOB basis according to Reuters calculations.
This was down from dated Brent plus $7.90 on Friday. No deals or indications were reported on Monday.
(Reporting by Reuters; Editing by Shailesh Kuber)