North Sea Trading Frenzy Sparks Brent Crude Price Speculation

The North Sea crude market, which is typically in a lull in December, saw on Monday the biggest trading activity on record in a single day as trading giants and oil majors snapped up a total of eight cargoes.   Seven of these eight cargoes carry crude grades that help underpin the Dated Brent benchmark, the world’s most important and closely watched benchmark for crude, which is used to price more than three-quarters of the traded oil in the world.    The unusually high trading activity early this week could push…