Friday, 27 March 2015 02:24
LONDON: Angolan crude oil for May loading was on offer at lower levels on Thursday after previous asking prices did not tempt many buyers, traders said on Thursday.
Following what traders said was a slow start to trading, state oil company Sonangol trimmed offers by around 25 cents a barrel for most grades, one trader said.
Angolan crude oil loadings look more ample in May according to the latest loading programmes which appeared this week, adding to a well-supplied market.
One source of support for the market is relatively healthy refining margins.
Copyright Reuters, 2015
