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North Sea Crude-WTI Midland trades higher



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LONDON, July 8 (Reuters) -U.S. WTI Midland crude traded three times in the Platts afternoon window on Monday at higher differentials than last week, while offer levels for Norwegian flagship Johan Sverdrup also edged higher.



PLATTS WINDOW

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

* WTI Midland: Gunvor a cargo with July 31-Aug. 4 dates to Mercuria at dated Brent plus $2 CIF Rotterdam.

*WTI Midland: Glencore sold the same dates to Mercuria at the same price in another deal.

* WTI Midland: Gunvor also sold July 27-31 dates to Chevron at dated Brent plus $1.95 CIF Rotterdam.

* The midpoint of the day's deals equated to around dated plus 99 cents on a FOB basis, Reuters calculations showed.

* WTI Midland: ExxonMobil offered an Aug. 6-10 cargo at dated plus $2.30 CIF Rotterdam.

* WTI Midland last traded in the window on July 3, when Chevron bought from Exxon Mobil a July 27-31 cargo at dated Brent plus $1.55 CIF Rotterdam, or about dated plus 51 cents FOB according to Reuters calculations.

* WTI Midland was the cheapest grade underpinning the dated Brent benchmark on Monday, and therefore set the price.

* Johan Sverdrup: Equinor showed two cargoes on a one-cancels-the-other basis, one loading July 27-29 at dated plus $1 FOB and another loading Aug. 1-3 at dated plus $1.20 FOB.

* On Friday, Equinor has offered a Johan Sverdrup cargo loading on July 21-23 at dated Brent plus 95 cents FOB.







Reporting by Robert Harvey; Editing by Susan Fenton

 NORTH SEA CRUDE OIL DIFFERENTIALS AND OUTRIGHT PRICES: 0#BFO-DIF 0#C-E Dated BFO BFO- Brent BFO-BRT BFO-E Forties BFO-FOT FOT-E Oseberg BFO-OSE OSE-E Ekofisk BFO-EKO EKO-E Monthly North Sea crude loading programmes O/LOAD OPEC OPEC NSEA North Sea CRU crude oil PROD oil products DRV derivatives PRO/E European products OILOIL NYMOIL, IPEOIL, OILSPD, OILARB CRDWLDPRODEUR, PRODUS, APROD ENERGY energy speed guide CRUDE/1 crude speed guide
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