US Cash Crude-Cash grades little changed on second day of roll trade
June 24 (Reuters) - U.S. cash crude differentials were little changed on Tuesday, the second day of the roll trading period, dealers said, as traders assessed a ceasefire between Israel and Iran.
The ceasefire was initially on shaky ground with U.S. President Donald Trump accusing both Israel and Iran of violating it just hours after it was announced. Oil futures fell 6% on Tuesday. O/R
Meanwhile, the roll trading period continued on Tuesday, a typically volatile three-day trading period during which traders square their positions. The roll begins after the U.S. front-month futures contract expires.
Light Louisiana Sweet WTC-LLS for July delivery weakened 20 cents at a midpoint of a $2.30 premium to U.S. crude futures.
The differential for WTI Midland WTC-WTM versus U.S. crude futures flipped to a discount on Friday for the first time since December 2022.
In U.S. supply, crude stocks fell by 4.23 million barrels in the week ended June 20, sources said, citing American Petroleum Institute figures on Tuesday. API/S
* Light Louisiana Sweet WTC-LLS for July delivery weakened 20 cents at a midpoint of a $2.30 premium and was seen bid and offered between a $2.00 and $2.60 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS was little changed at a midpoint of a parity and was seen bid and offered between a discount of 10 cents and 10-cent a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM was little changed at a midpoint of a 15-cent discount and was seen bid and offered between a 25-cent and 5-cent a barrel discount to U.S. crude futures CLc1
* West Texas Sour WTC-WTS was little changed at a midpoint of a 75-cent discount and was seen bid and offered between a 85-cent and 65-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a discount of 10 cents and 10-cent a barrel premium to U.S. crude futures CLc1
* ICE Brent August futures LCOc1 fell $4.34 to settle at $67.14 a barrel
* WTI August crude CLc1 futures fell $4.14 to settle at $64.37 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 19 cents to last trade at minus $2.78, after hitting a high of minus $2.76 and a low of minus $3.05
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
What is BNB? Can CZ's Return to Binance Propel It to $2700?
It’s also worth noting that 2028 marks Bitcoin’s fifth halving — a historically bullish catalyst. If past cycles repeat, BNB could ride the wave to new highs. Considering macroeconomic trends, supply dynamics, CZ’s potential return, and the next bull market, Standard Chartered’s target seems increas
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilize
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
