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BFO falls, Urals steady. (Crude market).
* Perceptions the US was prepared to soften its stance on Iraq at the UN led crude prices to ease by almost $2/bl over the week. Dated BFO lost $1.81/bl. Urals held steady against the benchmark as the last October-loading cargoes found homes.
* Urals lost only 2 cents/bl against dated BFO in the Mediterranean. The market was supported by TotalFinaElf's decision to ship two of its three end-October Iron bi cargoes to Japan aboard a VLCC (see p3). Delays at both Novorossiysk and the Bosporus also provided support, but Urals remained under pressure from abundant spot availability of competing Iraqi and Iranian sour crude.
* Inflows of Iranian and Iraqi crude …
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