
HOUSTON, Nov 25 (Reuters) - U.S. crudes were mixed on Tuesday, dealers said, on the third and final 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 December to January traded at a midpoint of 15 cents a barrel.
U.S. crude stocks fell while fuel inventories rose last week, market sources said, citing American Petroleum Institute figures on Tuesday.
Crude stocks fell by 1.86 million barrels in the week ended November 21, the sources said on condition of anonymity.
Gasoline inventories rose by 539,000 barrels, while distillate inventories rose by 753,000 barrels from a week earlier, the sources said. API/S
Meanwhile losses were curbed for some grades as the spread between West Texas Intermediate crude futures and global benchmark Brent widened, which typically makes U.S. grades more attractive to foreign buyers.
The discount WTCLc1-LCOc1 traded as wide as minus $4.56 a barrel, suggesting an open arbitrage window.
Light Louisiana Sweet for December delivery rose 30 cents to a midpoint of a $2.10 premium and was seen bid and offered between a $2.00 and $2.20 a barrel premium to U.S. crude futures CLc1
Mars Sour fell 7 cents to a midpoint of a 63-cent premium and was seen bid and offered between parity and $1.25 a barrel premium to U.S. crude futures CLc1
WTI Midland was steady at a midpoint of a 35-cent premium and was seen bid and offered between a 25-cent and 45-cent a barrel premium to U.S. crude futures CLc1
West Texas Sour fell 10 cents to a midpoint of a $2.55 discount and was seen bid and offered between a $2.65 and $2.45 a barrel discount to U.S. crude futures CLc1
WTI at East Houston, also known as MEH, traded between a 55-cent and 75-cent a barrel premium to U.S. crude futures CLc1
ICE Brent January futures LCOc1 fell 89 cents to settle at $62.48 a barrel on Tuesday.
WTI January crude CLc1 futures fell 89 cents to settle at $57.95 a barrel on Tuesday.
The Brent/WTI spread widened 2 cents to last trade at minus $4.55, after hitting a high of minus $4.43 and a low of minus $4.56