US Cash Crude-Grades slip as investors eye OPEC+ November output hike

Sept 30 (Reuters) - U.S. crude grades broadly fell on Tuesday, dealers said, as investors weighed news that OPEC+ may speed up production increases in November.

The producer group could speed up output hikes from the 137,000 barrels per day hike it made for October at its meeting on Sunday as its leader Saudi Arabia pushes to regain market share, three sources familiar with the talks said.

U.S. crude stocks fell while gasoline and distillate inventories rose last week, market sources said, citing American Petroleum Institute figures on Tuesday.

Crude stocks fell by 3.67 million barrels in the week ended September 26, the sources said on condition of anonymity.

Gasoline inventories rose by 1.3 million barrels, while distillate inventories rose by 3 million barrels from last week, the sources said.

Meanwhile, U.S. crude oil production rose to a monthly high of 13.64 million bpd in July, up 109,000 bpd from the previous record in June, data from the Energy Information Administration showed on Tuesday.

Light Louisiana Sweet WTC-LLS for November delivery fell 10 cents to a midpoint of a $2.20 premium and was seen bid and offered between a $2.10 and $2.30 a barrel premium to U.S. crude futures CLc1

Mars Sour WTC-MRS fell 5 cents to a midpoint of a 35-cent discount and was seen bid and offered between a 45-cent and 25-cent a barrel discount to U.S. crude futures CLc1

WTI Midland WTC-WTM fell 5 cents to a midpoint of a 90-cent premium and was seen bid and offered between an 80-cent and $1.00 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 15-cent a barrel premium to U.S. crude futures CLc1

WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.15 and $1.35 a barrel premium to U.S. crude futures CLc1

ICE Brent November futures LCOc1 fell 95 cents to settle at $67.02 a barrel

WTI November crude CLc1 futures fell $1.08 to settle at $62.37 a barrel

The Brent/WTI spread WTCLc1-LCOc1 narrowed 23 cents to last trade at minus $4.29, after hitting a high of minus $4.29 and a low of minus $4.66