US Cash Crude-Grades mixed as traders return from long holiday weekend
April 21 (Reuters) - U.S. crude grades were mixed on Monday, dealers said, as traders returned from a long holiday weekend and U.S. crude's discount to international benchmark Brent tightened.
Trade resumed on Monday after the Good Friday bank holiday last week.
Light Louisiana Sweet WTC-LLS for May delivery weakened 10 cents at a midpoint of a $2.20 premium, while Mars Sour WTC-MRS strengthened 30 cents at a midpoint of a $1.20 premium.
Meanwhile, U.S. West Texas Intermediate's discount to Brent WTCLc1-LCOc1 narrowed to as much as $3.77 a barrel, after hitting its widest last week since late March, at $3.95 a barrel.
In refining news, U.S. oil refiners are expected to have about 1.2 million barrels per day (bpd) of capacity offline in the week ending April 25, increasing available refining capacity by 402,000 bpd, research company IIR Energy said on Monday.
Light Louisiana Sweet WTC-LLS for May delivery weakened 10 cents at a midpoint of a $2.20 premium and was seen bid and offered between a $2.00 and $2.40 a barrel premium to U.S. crude futures CLc1
Mars Sour WTC-MRS strengthened 30 cents at a midpoint of a $1.20 premium and was seen bid and offered between a $1.10 and $1.30 a barrel premium to U.S. crude futures CLc1
WTI Midland WTC-WTM was little changed at 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 was little changed at a midpoint of a 40-cent premium and was seen bid and offered between a 30-cent and 50-cent a barrel premium to U.S. crude futures CLc1
WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.15 and $1.35 a barrel premium to U.S. crude futures CLc1
ICE Brent June futures LCOc1 fell $1.70 to settle at $66.26 a barrel
WTI May crude CLc1 futures fell $1.60 to settle at $63.08 a barrel
The Brent/WTI spread WTCLc1-LCOc1 narrowed to last trade at minus $3.85, after hitting a high of minus $3.77 and a low of minus $3.99.
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