US Cash Crude-Grades fall as domestic crude stocks rise
Oct 7 (Reuters) - Domestic grades broadly fell on Tuesday, dealers said, after crude inventories rose.
U.S. crude stocks rose while gasoline and distillate inventories fell last week, market sources said, citing American Petroleum Institute figures on Tuesday.
Crude stocks rose by 2.78 million barrels in the week ended October 3, the sources said on condition of anonymity.
Gasoline inventories fell by 1.25 million barrels, while distillate inventories fell by 1.82 million barrels from last week, the sources said.
Meanwhile the spread between West Texas Intermediate crude futures and global benchmark Brent widened slightly, which typically makes U.S. grades more attractive to foreign buyers.
The discount WTCLc1-LCOc1 widened to as much as minus $4.16 a barrel. A discount of around $4 suggests an open arbitrage window.
* Light Louisiana Sweet WTC-LLS for November delivery fell 30 cents to a midpoint of a $1.85 premium and was seen bid and offered between a $1.50 and $2.20 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS rose 40 cents to a midpoint of a 10-cent discount and was seen bid and offered between a discount of 45 cents and 25-cent a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 10 cents to a midpoint of a 80-cent premium and was seen bid and offered between a 70-cent and 90-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS fell 10 cents to a midpoint of a 5-cent discount and was seen bid and offered between a discount of 20 cents and 10-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1 and $1.20 a barrel premium to U.S. crude futures CLc1
* ICE Brent December futures LCOc1 fell 2 cents to settle at $65.45 a barrel
* WTI November crude CLc1 futures rose 4 cents to settle at $61.73 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 widened 1 cent to last trade at minus $4.14, after hitting a high of minus $4.10 and a low of minus $4.16
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