North Sea crude-WTI Midland dips as Glencore sells to Trafigura
USO•WTI Midland crude differentials in Europe dipped after Glencore sold a cargo to Trafigura for November 15-19 delivery at dated Brent plus $20.45 CIF Rotterdam, below an earlier deal at plus $22.50.
1. Cargo deal
Glencore sold Trafigura a WTI Midland cargo for November 15-19 CIF Rotterdam at dated Brent plus $20.45. The price equated to about plus $15.85 FOB, Reuters calculations showed.
2. Earlier trading
Earlier this week, WTI Midland was offered at dated Brent plus $22.25 CIF Rotterdam and changed hands at plus $22.50 CIF Rotterdam.
