Benchmarks diverge, as North Sea Dated rises

摘要

Crude?benchmarks?diverged?in?the?week?to?22?October,?amid?frming?Chinese? demand and a smaller-than-expected weekly drop in US crude stocks. Atlantic basin benchmark North Sea Dated rose by 59￠/bl to $41.56/bl, while US marker WTI shed 51￠/bl to $40.45/bl. ?Firm demand for early-November Brent cargoes lifted the grade by 14￠/bl against North Sea Dated. Light sour Forties fell by 20￠/bl, and traded on a ship-to-ship?transfer?basis?on?22?October?for?the?frst?time?since?26?July.?Some?support? could?come?from?rebounding?Asia-Pacifc?demand,?which?has?helped?draw?of? foating?stocks?of?the?grade?in?northwest?Europe.