US Cash Crude-Grades fall as US crude stocks jump

HOUSTON, Jan 14 (Reuters) - Grades broadly fell on Wednesday, dealers said, after domestic crude stocks jumped.

U.S. crude and gasoline inventories both rose more than expected last week, the Energy Information Administration said, as refining activity and imports jumped.

Crude stocks were up by 3.4 million barrels to 422.4 million barrels in the week ended January 9, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.7 million-barrel draw. EIA/S

On the demand side, U.S. oil refiners are expected to have about 724,000 barrels per day of capacity offline in the week ending January 16, decreasing available refining capacity by 450,000 bpd, research company IIR Energy said.

Offline capacity is expected to rise to 1.1 million in the week ending January 23, IIR said.

• Light Louisiana Sweet for February delivery fell 13 cents to a midpoint of a $1.75 premium and was seen bid and offered between a $1.25 and $2.25 a barrel premium to U.S. crude futures CLc1 ​
• Mars Sour rose 30 cents to a midpoint of a $1 discount and was seen bid and offered between a $1.10 and 90-cent a barrel discount to U.S. crude futures CLc1
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• WTI Midland fell 5 cents to a midpoint of a $1 premium and was seen bid and offered between a 90-cent and $1.10 a barrel premium to U.S. crude futures CLc1
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• West Texas Sour fell 30 cents to a midpoint of a $1.75 discount and was seen bid and offered between a $2.00 and $1.50 a barrel discount to U.S. crude futures CLc1 ​
• WTI at East Houston, also known as MEH, traded between a $1.15 and $1.35 a barrel premium to U.S. crude futures CLc1 ​
• ICE Brent March futures LCOc1 rose $1.05 to settle at $66.52 a barrel
• WTI February crude CLc1 futures rose 87 cents to settle at $62.02 a barrel
• The Brent/WTI spread widened 8 cents to last trade at minus $4.62, after hitting a high of minus $4.37 and a low of minus $4.68