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US Cash Crude-Grades mixed on steady domestic oil rig count

ReutersNov 7, 2025 8:21 PM

- Grades were mixed on Friday, dealers said, as U.S. energy firms this week held the domestic oil rig count steady, Baker Hughes BKR.O said in its closely followed report on Friday.

The oil rig count was steady at 414 this week.

Meanwhile, U.S. crude futures' discount to the international benchmark Brent narrowed for the fourth consecutive day, to weigh on export demand.

West Texas Intermediate crude futures' discount to Brent WTCLc1-LCOc1 narrowed, suggesting a closing arbitrage window for transatlantic flows.

Light Louisiana Sweet WTC-LLS for December delivery was steady at 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

Mars Sour WTC-MRS rose 5 cents to a midpoint of a $1.55 discount and was seen bid and offered between a $1.65 and a $1.45 a barrel discount to U.S. crude futures CLc1

WTI Midland WTC-WTM was steady at a midpoint of a 45-cent premium and was seen bid and offered between a 35-cent and a 55-cent a barrel premium to U.S. crude futures CLc1

West Texas Sour WTC-WTS fell 95 cents to a midpoint of a $1.60 discount and was seen bid and offered between a $1.70 and a $1.50 a barrel discount to U.S. crude futures CLc1

WTI at East Houston WTC-MEH, also known as MEH, traded between a 70-cent and a 90-cent a barrel premium to U.S. crude futures CLc1

ICE Brent January futures LCOc1 rose 25 cents to settle at $63.63 a barrel

WTI December crude CLc1 futures rose 32 cents to settle at $59.75 a barrel

The Brent/WTI spread WTCLc1-LCOc1 narrowed 5 cents to last trade at minus $4.03, after hitting a high of minus $4 and a low of minus $4.13

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