Base oil trade throughout Europe, the Middle East and Africa is at a yearly low, mainly due to the summer holiday period. A few export sales are still being conducted, but contract sales account for most of the activity that continues.
Crude oil and feedstock prices are stable. Dated Brent crude posted yesterday at $72.65 per barrel for October front month, around 50 cents per barrel lower than last. West Texas Intermediate was $67.30/bbl for September front month, around $2 lower than last week. ICE LS gas oil was $655 per metric ton, also for September front month and identical to last week.