MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI BRIEF: BOC Saw Little Need For A 50BPs Rate Cut

BOC DID NOT SERIOUSLY CONSIDER A 50BP RATE CUT- MACKLEM

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI BRIEF: China To Boost Environmental Equipment Industry

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: North Sea Crude-WTI and Forties Rise; Ekofisk Trades Lower: Reuters

OIL
BulletEnergy BulletsCommodities

North Sea Crude-WTI and Forties Rise; Ekofisk Trades Lower: Reuters

  • U.S. WTI Midland and North Sea Forties crude differentials rose on Monday, while Ekofisk weakened.
  • Three cargoes traded in the Platts Window, a trade source told Reuters.
  • WTI Midland: Mercuria sold to Glencore Feb. 23-27 at dated Brent plus 85 cents CIF Rotterdam.
  • WTI Midland: Trafigura sold to Glencore Feb. 28-March 4 at dated Brent plus 95 cents CIF Rotterdam.
  • WTI Midland: Glencore bid for another cargo at dated plus $1.15.
  • As a result, WTI is worth dated Brent plus 10 cents on a FOB basis according to Reuters calculations, up from Friday.
  • Ekofisk: Glencore bought from Gunvor Feb. 25-27 at dated Brent plus 75 cents, down from Friday.
  • Forties: Bid at dated plus 20 cents by Gunvor and offered by Equinor at dated plus 25 cents, up from Friday.
132 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

North Sea Crude-WTI and Forties Rise; Ekofisk Trades Lower: Reuters

  • U.S. WTI Midland and North Sea Forties crude differentials rose on Monday, while Ekofisk weakened.
  • Three cargoes traded in the Platts Window, a trade source told Reuters.
  • WTI Midland: Mercuria sold to Glencore Feb. 23-27 at dated Brent plus 85 cents CIF Rotterdam.
  • WTI Midland: Trafigura sold to Glencore Feb. 28-March 4 at dated Brent plus 95 cents CIF Rotterdam.
  • WTI Midland: Glencore bid for another cargo at dated plus $1.15.
  • As a result, WTI is worth dated Brent plus 10 cents on a FOB basis according to Reuters calculations, up from Friday.
  • Ekofisk: Glencore bought from Gunvor Feb. 25-27 at dated Brent plus 75 cents, down from Friday.
  • Forties: Bid at dated plus 20 cents by Gunvor and offered by Equinor at dated plus 25 cents, up from Friday.