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US Cash Crude-Grades slip on final day of roll trade, losses curbed as US stocks fall

ReutersMar 25, 2025 8:59 PM

- U.S. crude oil differentials fell on Tuesday, the third and final day of the volatile cash roll period that traders use to square their positions, dealers said.

The cash roll for April to May traded at 40 cents.

Lending some support to prices, U.S. crude oil and fuel inventories fell last week, market sources said, citing American Petroleum Institute figures on Tuesday.

Crude stocks fell by 4.6 million barrels in the week ended March 21, the sources said on condition of anonymity. Gasoline inventories fell by 3.28 million barrels and distillate stocks fell by 1.35 million barrels, they said.

Light Louisiana Sweet WTC-LLS for April delivery fell 30 cents to a midpoint of a $1.75 premium and was seen bid and offered between a $1.50 and $2.00 a barrel premium to U.S. crude futures CLc1

Mars Sour WTC-MRS was steady at a midpoint of a 30-cent premium and was seen bid and offered between a 20-cent and 40-cent a barrel premium to U.S. crude futures CLc1

WTI Midland WTC-WTM fell 10 cents to a midpoint of a 90-cent premium and was seen bid and offered between a 80-cent and $1.00 a barrel premium to U.S. crude futures CLc1

West Texas Sour WTC-WTS fell 35 cents to a midpoint of a 85-cent discount and was seen bid and offered between a 95-cent and 75-cent a barrel discount to U.S. crude futures CLc1

WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.40 and $1.60 a barrel premium to U.S. crude futures CLc1

ICE Brent May futures LCOc1 rose 2 cents to settle at $73.02 a barrel

WTI May crude CLc1 futures fell 11 cents to settle at $69 a barrel

The Brent/WTI spread WTCLc1-LCOc1 widened 9 cents to last trade at minus $3.98, after hitting a high of minus $3.85 and a low of minus $4.03

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