North Sea Crude-Forties trades at highest since early 2016

LONDON: North Sea Forties crude traded at the highest differential since early 2016 on Wednesday, supported by robust demand and tighter supplies.

NOVEMBER PROGRAMMES

November loading programmes for the benchmark North Sea grades are expected to be issued this week. The Forties programme should be issued on Thursday, a trade source said.

WINDOW SUMMARY

Forties: Glencore bought from Gunvor a cargo loading on Oct. 18-20 at dated Brent plus $1.05, the same as a trade on Tuesday and the highest since January 2016.