21.05.2015 - Crude Oil Market Outlook
The North Sea crude oil market showed mixed signals May 15, with Dated Brent versus second-month cash up $0.21/barrel at minus $0.94/b, even as Forties came off a touch. A late May cargo traded at Dated Brent minus $1.00/b, Gunvor to Unipec. However traders were not convinced this signaled Forties as a whole would continue to trade weaker, with June still seen as tighter due to two or three VLCC fixtures this week. "Maybe, it is just that Forties cargo is too prompt," said one trader...............................................Full Article: Source
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