North Sea Crude - WTI steady, Forties offered higher

Reuters02-12

LONDON, Feb 11 (Reuters) - U.S. WTI crude differentials were steady on Wednesday after a deal, while North Sea Forties was offered higher.

PLATTS WINDOW

Indications are free on board (FOB) unless marked as cost, insurance and freight $(CIF)$ or delivered at place.
There was one deal on Wednesday.
WTI Midland: Vitol bought from Phillips 66 a March 4-8 cargo CIF Rotterdam at dated Brent plus $3.50, the same as a deal on Monday. That was equal to roughly dated Brent plus $1.97 on an FOB basis according to Reuters calculations.
Forties: CNOOC offered March 10-12 at dated Brent plus $2.35, up from a bid on Monday.

(Reporting by Alex Lawler, Editing by Leroy Leo)

((alex.lawler@thomsonreuters.com))

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