International crude:North Sea takes a knock

摘要

Dated Brent/BFOE fell 43.50 cents/barrel Thursday to close at 85.09/b.Both the underlying complex and differentials were valued lower as a combination of narrowing refining margins and soaring freight costs exerted some downward pressure on FOB values."Simple margins are still positive,but with another hit like yesterday,we would consider cutting runs,"a north European refiner had said earlier Thursday.