North Sea crude-WTI trades lower
USO•WTI Midland traded lower after three deals in the Platts window, with an average price of $17.65 above dated Brent, equivalent to about $14.45 on an FOB basis.
1. Three trades reported
Gunvor sold two WTI Midland cargoes to Vitol at dated Brent plus $17.50 a barrel on a CIF Rotterdam basis. Occidental sold a cargo to Vitol at dated Brent plus $17.95. The average price of $17.65 equaled about dated Brent plus $14.45 on an FOB basis, down from an offer on Tuesday.
