North Sea Crude-WTI Midland dips as Glencore sells to Trafigura

By Reuters News

- WTI Midland crude differentials in Europe dipped on Thursday on the back of Glencore selling a cargo to Trafigura at a price below a deal struck earlier this week.

PLATTS WINDOW

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

  • WTI Midland: Glencore sold to Trafigura for November 15-19 CIF Rotterdam at dated Brent plus $20.45. This equates to about plus $15.85 FOB, according to Reuters calculations.

  • In sessions earlier this week, WTI Midland was offered dated Brent plus $22.25 CIF Rotterdam and changed hands for plus $22.50 CIF Rotterdam.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk