US Cash Crude-Mars Sour hits one-year low as domestic crude stocks rise

HOUSTON, Dec 30 (Reuters) - Grades were mixed on Tuesday, dealers said, with Mars Sour slipping to its lowest since October 2024 on robust domestic supplies.

Mars Sour has fallen sharply over the last few sessions, hitting a $1.80 discount against U.S. crude futures on Tuesday, down 60 cents on the day.

U.S. crude and fuel inventories rose last week, market sources said, citing American Petroleum Institute figures on Tuesday.

Crude stocks rose by 1.7 million barrels in the week ended December 26, the sources said on condition of anonymity.

Gasoline inventories rose by 6.2 million barrels, while distillate inventories rose by one million barrels from a week earlier, the sources said. API/S

• Light Louisiana Sweet for February delivery was steady at a midpoint of a $1.45 premium and was seen bid and offered between a 90-cent and $2 a barrel premium to U.S. crude futures CLc1 ​

• Mars Sour fell 60 cents to a midpoint of a $1.80 discount and was seen bid and offered between a $1.90 and $1.70 a barrel discount to U.S. crude futures CLc1 ​

• WTI Midland fell 5 cents to a midpoint of a 45-cent premium and was seen bid and offered between a 35-cent and 55-cent a barrel premium to U.S. crude futures CLc1 ​

• West Texas Sour was steady at a midpoint of a $2.50 discount and was seen bid and offered between a $3.25 and $1.75 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 February futures LCOc1 fell 2 cents to settle at $61.92 a barrel

• WTI February crude CLc1 futures fell 13 cents to settle at $57.95 a barrel

• The Brent/WTI spread widened 2 cents to last trade at minus $3.88, after hitting a high of minus $3.81 and a low of minus $3.88