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Thunder Horse crude grade trades at WTI +3.15/BBL for August bbls

Mon, 29th Jul 2013 20:16

NEW YORK, July 29 (Reuters) - Two trades for August barrelsof the Thunder Horse crude grade were completed on Monday at$3.15 over the benchmark U.S. crude futures, also known by itsbenchmark crude, West Texas Intermediate, according to a sourcefamiliar with the transaction.

The trades were the first seen in the cash crude marketsince Destin Pipeline Co LLC lifted its force majeure after workon its gas processing facility in Pascagoula, Mississippi. Thework at the Destin plant caused BP Plc's Thunder Horseplatform to shut temporarily because the natural gas produced inaddition to the 250,000 barrels per day of crude oil could notbe processed, according to traders and brokers. (Reporting by Robert Gibbons; Editing by Bernard Orr)

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