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

By Reuters News3 hours ago Updated

Oct 15 (Reuters) - 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.

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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.

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