US Cash Crude-Grades ease as US economy contracts in the first quarter

April 30 (Reuters) - U.S. cash crude grades eased slightly on Wednesday, dealers said, as data showed the U.S. economy contracted in the first quarter.

WTI Midland WTC-WTM and Mars Sour eased 5 cents each.

U.S. crude oil stockpiles fell by 2.7 million barrel last week on higher export and refinery demand, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 429,000-barrel rise.

Gasoline stocks fell by 4 million barrels in the week to 225.5 million barrels, the EIA said, compared with forecasts for a 1 million-barrel draw. Distillate stockpiles rose by 900,000 barrels in the week to 107.8 million barrels, versus expectations for a 1.6 million-barrel drop, data showed.

A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+'s decision to unwind supplies will weigh on oil prices this year, a Reuters poll showed on Wednesday.

Light Louisiana Sweet WTC-LLS for May delivery eased 10 cents to a midpoint of a $2.35 premium and was seen bid and offered between a $2.25 and $2.45 a barrel premium to U.S. crude futures CLc1

Mars Sour WTC-MRS eased 5 cents to a midpoint of a $1.15 premium and was seen bid and offered between a $1.00 and $1.3 a barrel premium to U.S. crude futures CLc1

WTI Midland WTC-WTM eased 5 cents to a midpoint of a 75-cent premium and was seen bid and offered between a 50-cent and $1.00 a barrel premium to U.S. crude futures CLc1

West Texas Sour WTC-WTS eased 25 cents to a midpoint of a 15-cent discount and was seen bid and offered between a discount of 50 cents and 20-cent a barrel premium to U.S. crude futures CLc1

WTI at East Houston WTC-MEH, also known as MEH, traded between a 80-cent and $1.20 a barrel premium to U.S. crude futures CLc1

ICE Brent June futures LCOc1 fell $1.13 to settle at $63.12 a barrel on Wednesday.

WTI June crude CLc1 futures fell $2.21 to settle at $58.21 a barrel on Wednesday

The Brent/WTI spread WTCLc1-LCOc1 widened $1.17 to last trade at minus $5.00, after hitting a high of minus $3.40 and a low of minus $5.00