30 January 2025: 16:30 GMT
Down! That was the way Brent went in the morning, just failing to break below $76. A big afternoon bounce even saw it exceed $77 again in the mid-afternoon and finally close at $77.26/bbl, though it struggled to hold onto that after the window. The snake undulates! As they did yesterday, BP offered an Ekofisk in the North Sea and Mercuria set off in hot pursuit. This time, BP had both a FOB and CIF cargo to offer. However, the two were interested in different dates and weren’t willing to compromise. Instead, Glencore jumped in and grabbed BP’s 13-15 Feb FOB offering at Dated +$0.75. Upon this snatch, BP withdrew its other,
CIF, Ekofisk offer.
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