US Cash Crude-Grades rise after API shows fall in US crude stocks
June 3 (Reuters) - Grades broadly rose, dealers said on Tuesday, after traders weighed a steep drop in domestic crude stocks.
Crude stocks fell by 3.3 million barrels in the week ended May 30, market sources said, citing American Petroleum Institute figures on Tuesday.
Curbing gains, fuel inventories rose. Gasoline inventories rose by 4.7 million barrels and distillate stocks rose by about 760,000 barrels, the sources said on condition of anonymity.
Investors await official U.S. oil stock data from the Energy Information Administration, due on Wednesday at 10:30 a.m. EDT.
* Light Louisiana Sweet WTC-LLS for July rose 2 cents to a midpoint of a $2.70 premium and was seen bid and offered between a $2.50 and $2.90 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS rose 10 cents to a midpoint of a $1.40 premium and was seen bid and offered between a $1.30 and $1.50 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM rose 5 cents to a midpoint of a 65-cent premium and was seen bid and offered between a 55-cent and 75-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS rose 5 cents to a midpoint of a 5-cent premium and was seen bid and offered between a discount of 5 cents and a 15-cent a barrel premium 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 August futures LCOc1 rose $1 to settle at $65.63 a barrel
* WTI July crude CLc1 futures rose 89 cents to settle at $63.41 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 widened 5 cents to last trade at minus $3.14, after hitting a high of minus $3.03 and a low of minus $3.15
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