North Sea Crude- WTI trades higher, CNOOC offers Forties

Reuters01-10
North Sea Crude- WTI trades higher, CNOOC offers Forties

LONDON, Jan 9 (Reuters) - U.S. WTI Midland crude differentials rose on Friday after a deal, while CNOOC offered Forties higher.

PLATTS WINDOW

* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight $(CIF)$ or delivered at place (DAP).

* One cargo of benchmark crude traded.

  • WTI Midland: Equinor sold to Exxon February 9-13 at dated Brent plus $2.35 CIF Rotterdam, up from the last indications seen. That is equal to dated Brent plus $1.16 on a FOB basis, according to Reuters calculations.

  • Forties: CNOOC, which last year did its first North Sea cargo trade during a Platts window session, offered Forties at dated Brent plus $1.25 for February 8-10, up from recent indications.

(Reporting by Alex Lawler; Editing by Shailesh Kuber)

((alex.lawler@thomsonreuters.com; Twitter/X: @AlexLawler100))

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