CORRECTED-US Cash Crude-Cash crude grade WTI Midland trades at 9-month high
Corrects headline and text to reflect WTI Midland reached a nine-month high, not MEH
Feb 12 (Reuters) - Grades rose on Wednesday, dealers said, with WTI Midland trading at a nine-month high.
WTI Midland WTC-WTM rose 5 cents to a midpoint of a $1.30 premium to U.S. crude futures CLc1, its highest point since mid-May last year, according to data from LSEG.
U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories rose by 4.1 million barrels to 427.9 million barrels in the week ended February 7, the EIA said, compared with analysts' expectations in a Reuters poll for a 3 million-barrel rise.
Elsewhere, Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.
Light Louisiana Sweet WTC-LLS for March delivery rose 5 cents to a midpoint of a $3.35 premium and was seen bid and offered between a $3.10 and $3.60 a barrel premium to U.S. crude futures CLc1
Mars Sour WTC-MRS rose 30 cents to a midpoint of a $1.60 premium and was seen bid and offered between a $1.50 and $1.70 a barrel premium to U.S. crude futures CLc1
WTI Midland WTC-WTM rose 5 cents to a midpoint of a $1.30 premium and was seen bid and offered between a $1.20 and $1.40 a barrel premium to U.S. crude futures CLc1
West Texas Sour WTC-WTS rose $1.63 to a midpoint of a 98-cent premium and was seen bid and offered between a 90-cent and $1.05 a barrel premium to U.S. crude futures CLc1
WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.20 and $1.40 a barrel premium to U.S. crude futures CLc1
ICE Brent April futures LCOc1 fell $1.82 to settle at $75.18 a barrel
WTI March crude CLc1 futures fell $1.95 to settle at $71.37 a barrel
The Brent/WTI spread WTCLc1-LCOc1 narrowed 2 cents to last trade at minus $3.90, after hitting a high of minus $3.85 and a low of minus $3.96
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