US Cash Crude-Grades broadly fall as crude stocks rise, API data shows
May 13 (Reuters) - Physically traded U.S. crude grades broadly slipped on Tuesday, dealers said, as stocks ticked higher and domestic refining demand weakened.
U.S. crude oil stocks rose last week while gasoline and distillate inventories fell, market sources said, citing American Petroleum Institute figures on Tuesday.
Crude stocks rose by 4.3 million barrels in the week ended May 9, the sources said on condition of anonymity.
On the demand side, Hunt Refining Company is operating its 50,000 barrel-per-day refinery in Tuscaloosa, Alabama at reduced rates following a fire last week, the privately-owned company said in a statement.
A fire broke out at the refinery's coker unit on May 7 as it suffered an external power outage while work was underway to restart it, the company said.
Elsewhere, Nigeria's Dangote oil refinery has canceled June maintenance at its 204,000 bpd gasoline-making unit as it completed planned works during an unplanned shutdown from April 7 to May 11, according to industry monitor IIR.
* Light Louisiana Sweet WTC-LLS for June delivery fell 2 cents to a midpoint of a $2.18 premium and was seen bid and offered between a $2.00 and $2.35 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS rose 5 cents to a midpoint of a $1.30 premium and was seen bid and offered between a $1.20 and $1.4 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 5 cents to a midpoint of a 60-cent premium and was seen bid and offered between a 50-cent and 70-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS fell 20 cents to a midpoint of a 40-cent discount and was seen bid and offered between a 50-cent and 30-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a 70-cent and 90-cent a barrel premium to U.S. crude futures CLc1
* ICE Brent July futures LCOc1 rose $1.67 to settle at $66.63 a barrel
* WTI June crude CLc1 futures rose $1.72 to settle at $63.67 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 5 cents to to last trade at minus $3.35, after hitting a high of minus $3.30 and a low of minus $3.39.
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