US Cash Crude-Grades little changed amid hope for US-China trade deal
June 10 (Reuters) - Grades were largely unchanged on Tuesday, dealers said, as investors awaited direction from trade talks between the U.S. and China.
Mars Sour WTC-MRS, WTI Midland WTC-WTM and WTI at East Houston WTC-MEH, also known as MEH, were all unchanged.
Trade talks between the U.S. and China stretched through a second full day and into the evening in London as the two countries pushed for a breakthrough on duelling export controls that have threatened to unravel a delicate tariff truce.
U.S. Commerce Secretary Howard Lutnick said the talks with Chinese officials were going well and he hoped they would end on Tuesday night, but said they could run into Wednesday.
U.S. crude stocks fell by 370,000 barrels in the week ended June 6, market sources said, citing American Petroleum Institute figures on Tuesday.
* Light Louisiana Sweet WTC-LLS for July delivery rose 10 cents to a midpoint of a $2.85 premium and was seen bid and offered between a $2.70 and $3.00 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS was unchanged at a midpoint of a $1.60 premium and was seen bid and offered between a $1.40 and $1.80 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged at a midpoint of a 55-cent premium and was seen bid and offered between a 40-cent and 70-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS eased 5 cents to a midpoint of a 15-cent discount and was seen bid and offered between a 20-cent and 10-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a 55-cent and 85-cent a barrel premium to U.S. crude futures CLc1
* ICE Brent August futures LCOc1 fell 17 cents to settle at $66.87 a barrel on Tuesday
* WTI July crude CLc1 futures fell 31 cents to settle at $64.98 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 widened 11 cents to last trade at minus $2.93, after hitting a high of minus $2.81 and a low of minus $2.97
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