North Sea Crude-Forties slumps, Sture terminal closes briefly

LONDON: North Sea Forties crude differentials slumped on Thursday, pressured by ample prompt supplies while a brief closure of Norway's Sture terminal was thought unlikely to affect loadings significantly.

STURE TERMINAL

* The Sture terminal, the outlet for Oseberg and Grane crude, was shut temporarily after two vessels collided.

* Traders said the incident had been too brief to affect loadings significantly. "This looks like it will be pretty short term," one of the traders said.