June 11 (Reuters) - Grades held steady on Wednesday, dealers said, even as U.S. crude stocks fell last week amid a pick up in refining activity.
WTI Midland WTC-WTM was unchanged, while WTI at East Houston WTC-MEH, also known as MEH, eased 5 cents. Mars Sour WTC-MRS, eased 25 cents.
U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories fell by 3.6 million barrels to 432.4 million barrels in the week ended June 6, the EIA said, compared with analysts' expectations in a Reuters poll for a 2 million-barrel draw.
Meanwhile, oil futures rose more than 4% to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.
* Light Louisiana Sweet WTC-LLS for July delivery gained 5 cents to a midpoint of a $2.90 premium and was seen bid and offered between a $2.80 and $3.00 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS eased 25 cents to a midpoint of a $1.35 premium and was seen bid and offered between a $1.20 and $1.5 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM 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 was flat at 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 45-cent and 85-cent a barrel premium to U.S. crude futures CLc1
* ICE Brent August futures LCOc1 rose $2.9 to settle at $69.77 a barrel on Wednesday.
* WTI July crude CLc1 futures rose 62 cents and is currently trading at $68.77 a barrel on Wednesday .
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 1 cents to last trade at minus $2.95, after hitting a high of minus $2.81 and a low of minus $2.95.