International crude:Entire North Sea complex softens

摘要

Dated Brent/BFOE came under further pressure Wednesday,closing 75 cents/b below the previous day's level.The whole North Sea complex ended weaker,with the spread between September and October ICE Brent futures switching to show a 5 cents/b contango following a prolonged period in backwardation.The CFD curve also softened,with the roll between the balance of the current week and August 13-17 being valued at 50 cents/b,down from 90 cents/b a day earlier.