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Markets

North Sea Crude-Forties and Brent offered lower

Published Updated

LONDON: North Sea Forties and Brent crude were offered at lower levels on Friday, with the market pressured by sizeable volumes in floating storage and higher output in other regions.

Increasing supply of light, sweet crude from Libya and Nigeria, along with slow demand from Asia for North Sea crude, have led to weaker differentials in the North Sea.

 

 

Copyright Reuters, 2017

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