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North Sea Crude-Forties offered above 2-year high last traded

Fri, 21st Jan 2022 17:21

LONDON, Jan 21 (Reuters) - North Sea Forties crude was
offered at a higher differential on Friday than the two-year
high last traded, suggesting sellers see the rally having
further to run.

PLATTS WINDOW

* Indications are on a free-on-board (FOB) basis unless
marked as cost, insurance and freight (CIF).

* There were no deals, a trade source said.

* Forties. Unipec offered a cargo for Feb. 20-22 at dated
Brent plus $1.95. This was the first indication seen all week.

* The last Forties deal was on Friday a week ago, when Total
bought at dated Brent plus $1.80, a two-year high according to
Refinitiv Eikon data.

* U.S. WTI, not a benchmark North Sea grade, was also on
offer in the window, a trader said.
(Reporting by Alex Lawler, Editing by Louise Heavens
)

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