Investing.com -- U.S. WTI Midland crude oil differentials dropped on Friday as Moeve returned with a lower cargo offer, while Equinor placed a bid for Johan Sverdrup.
No deals were completed during Friday’s trading session, according to a trader.
Moeve offered a June 24-28 cargo at dated Brent plus $1.25 on a cost, insurance and freight basis to Rotterdam. This represented a decrease from its Thursday offer of dated Brent plus $1.70 on the same CIF basis.
The revised offer from Moeve translated to approximately dated Brent plus 1 cent on a free on board basis, Reuters said citing their calculations.
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