W.Africa Crude-Traders re-assess after price slide on ceasefire

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The West African market is re-assessing differentials after the sharp drop in outright prices caused by the ceasefire between the U.S. and Iran, traders said, although there was little sign of a drop in values from record highs due to the tight market.Indian Oil Corp had a tender to buy crude but this was cancelled this morning, a trader said."People are re-assessing on the buy and sell side," a trader said.Angolan Cabinda was last valued at dated Brent plus $10.00 a barrel, the highest ever according to LSEG data. A trader on Wednesday said it was likely worth even more.Two other Asian tenders are pending, including one from Indonesia's Pertamina and another from India's HPCL.

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