US Cash Crude-Grades mixed as no end in sight for Iran war

HOUSTON, May 1(Reuters) - U.S. domestic grades were mixed on Friday, as there was no end in sight to the Iran war after U.S. President Donald Trump said on Friday he was not satisfied with the latest Iranian proposal.

Trump on Friday repeated his prediction that oil and gas prices would fall when the war with Iran ends.

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid-March, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.

U.S. oil refiners are expected to have about 855,000 barrels per day of capacity offline in the week ending May 1, increasing available refining capacity by 353,000 bpd from the previous week.

• Light Louisiana Sweet for May delivery oeased 10 cents to a midpoint of a $1.50 premium and was seen bid and offered between a $1 and $2 a barrel premium to U.S. crude futures CLc1 ​

• Mars Sour gaied 50 cents to a midpoint of a $1.50 premium and was seen bid and offered between a $1.25 and $1.75 a barrel premium to U.S. crude futures CLc1 ​

• WTI Midland was unchanged at a midpoint of a $3.10 premium and was seen bid and offered between a $2.90 and $3.20 a barrel premium to U.S. crude futures CLc1 ​

• West Texas Sour eased 35-cents to trade at a midpoint of a 50-cent discount and was seen bid and offered between a 90-cent discount and a 10-cent a barrel premium to U.S. crude futures CLc1 ​

• WTI at East Houston, also known as MEH, traded between a $4.10 and $4.50 a barrel premium to U.S. crude futures CLc1

• ICE Brent June futures LCOc1 settled at $108.17 a barrel on Wednesday, up $2.23.

• WTI June crude CLc1 futures settled at $101.94 barrel on Wednesday, up $3.13

• The Brent/WTI spread widened to last trade at minus $11.63, after hitting a high of minus $11.35 and a low of minus $12.72