Vitol purchased a cargo for June 10‑14 delivery at dated Brent + $3.66 on a cost, insurance and freight (CIF) basis to Rotterdam. On a free on board (FOB) basis this equals dated Brent + $2.23, which is below the previous FOB deal level of around dated Brent + $2.47.
Mercuria placed a bid for June 24‑28 delivery CIF Rotterdam at dated Brent + $3.20.
Total bought Johan Sverdrup crude from CNOOC for June 23‑27 delivery at dated Brent + $3.55.
These transactions caused North Sea WTI Midlands differentials to decline, reflected in market movements such as the CL index falling 2.51% and other commodity tickers showing modest changes.
