North Sea Crude-WTI Midland rises on two deals

Reuters
19 hours ago
North Sea Crude-WTI Midland rises on two deals

LONDON, Nov 11 (Reuters) - WTI Midland gains after two deals.

PLATTS WINDOW

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

* There were two deals on Tuesday.

* WTI Midland: Exxon Mobil bought from Vitol for November 28 to December 2 at dated Brent plus 10 cents CIF Rotterdam, or dated Brent minus $1.16 FOB, Reuters calculations show. Shell bought from Vitol for November 23-27 at minus 35 cents BFOE, the equivalent of dated Brent minus 22 cents CIF Rotterdam or dated Brent minus $1.48 FOB. The mid-point of the two deals is dated Brent minus $1.32, Reuters calculations show.

* That was slightly higher than the lowest-priced deal on Monday.

(Reporting by Anna Hirtenstein in LondonEditing by David Goodman)

((Anna.hirtenstein@thomsonreuters.com))

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