US rediscovers sweet tooth

摘要

Crude prices continued to ease from recent record highs as confidence gained that Hurricane Wilma would miss US Gulf,coast oil facilities.A 5.6mn bl weekly gain in US crude stocks contributed to pushing US benchmark WTI and North Sea marker dated BFO down by around US3/bl.US Gulf interest in light sweet west African crude returned on the back of a wide WTI-BFO spread,weaker Nigerian prices and improving refinery demand for November and December.But surging freight later in the week slowed sales of Nigerian light sweets.