US Cash Crude-Grades slip after API shows jump in crude stocks

Nov 4 (Reuters) - Physically traded U.S. crude grades broadly fell on Tuesday, dealers said, after data from the American Petroleum Institute showed a weekly jump in crude stocks.

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

Crude stocks rose by 6.52 million barrels in the week ended October 31, the sources said on condition of anonymity.

On the demand side, U.S. oil refiners are expected to have about 803,000 barrels per day of capacity offline in the week ending November 7, increasing available refining capacity by 178,000 bpd, research company IIR Energy said on Monday.

Offline capacity is expected to fall to 499,000 bpd in the week ending November 14, IIR said.

Marathon Petroleum MPC.N plans to operate its 13 refineries at 90% of their combined 3 million bpd capacity in the fourth quarter of 2025, said John Quaid, chief financial officer, during a Tuesday conference call.

Light Louisiana Sweet WTC-LLS for December delivery fell 10 cents to a midpoint of a 90-cent premium and was seen bid and offered between a 80-cent and $1.00 a barrel premium to U.S. crude futures CLc1

Mars Sour WTC-MRS fell 5 cents to a midpoint of a $1.40 discount and was seen bid and offered between a $1.50 and $1.30 a barrel discount to U.S. crude futures CLc1

WTI Midland WTC-WTM was steady at a midpoint of a 55-cent premium and was seen bid and offered between a 45-cent and 65-cent a barrel premium to U.S. crude futures CLc1

West Texas Sour WTC-WTS 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 at East Houston WTC-MEH, also known as MEH, traded between a 75-cent and 95-cent a barrel premium to U.S. crude futures CLc1

ICE Brent January futures LCOc1 fell 45 cents to settle at $64.44 a barrel

WTI December crude CLc1 futures fell 49 cents to settle at $60.56 a barrel

The Brent/WTI spread WTCLc1-LCOc1 widened 1 cent to last trade at minus $4.15, after hitting a high of minus $4.11 and a low of minus $4.18