North Sea Crude - WTI Midland rises as Exxon buys from Trafigura
XLE•WTI Midland bids and offers
- WTI Midland: Exxon bought from Trafigura for September 14-18 CIF Rotterdam at dated Brent plus $1.55. This equates to about dated Brent minus 18 cents FOB, Reuters calculations show.
- WTI Midland: Petroineos bid for September 22-26 CIF Rotterdam at dated Brent plus $1.50 and for September 27 to October 2 CIF Rotterdam at dated Brent plus $1.90. The higher bid equates to about dated Brent plus 17 cents FOB, Reuters calculations show.
- WTI Midland: Shell bid for September 14-30 CIF Rotterdam at dated Brent plus $1.10.
- WTI Midland was offered at dated Brent plus $1.05 CIF in the previous session.
WTI Midland differentials rise after Exxon purchase
LONDON, Sept. 2 (Reuters) - WTI Midland differentials rose on Wednesday after Trafigura sold a cargo to Exxon.
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Indications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place.
