US Cash Crude-Grades mixed on first day of volatile roll trade period
Sept 23 (Reuters) - Physically traded domestic crude grades were mixed on Tuesday, dealers said, on the first full day of the volatile roll trading period.
Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. crude futures contract.
Prices to roll U.S. crude oil futures positions from October to November traded at a midpoint of 40 cents a barrel.
Meanwhile, U.S. crude and gasoline stocks fell, while distillate stocks rose last week, market sources said, citing American Petroleum Institute figures on Tuesday.
Crude stocks fell by 3.82 million barrels in the week ended September 19, the sources said on condition of anonymity.
Gasoline inventories fell by 1.05 million barrels, while distillate inventories rose by 518,000 barrels from last week, the sources said.
* Light Louisiana Sweet WTC-LLS for October delivery was steady at a midpoint of a $2.38 premium and was seen bid and offered between a $2.00 and $2.75 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS fell 20 cents to a midpoint of a 30-cent discount and was seen bid and offered between a 40-cent and 20-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM rose 5 cents to a midpoint of a $1.15 premium and was seen bid and offered between a $1.05 and $1.25 a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS fell 55 cents to a midpoint of a 5-cent discount and was seen bid and offered between a discount of 15 cents and 5-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.55 and $1.75 a barrel premium to U.S. crude futures CLc1
* ICE Brent November futures LCOc1 rose $1.06 to settle at $67.63 a barrel
* WTI November crude CLc1 futures rose $1.13 to settle at $63.41 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 5 cents to last trade at minus $4.24, after hitting a high of minus $4.14 and a low of minus $4.26
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