US Cash Crude-Grades mixed as crude stocks rise, fuel inventories fall, API says
April 15 (Reuters) - Grades pulled in different directions on Tuesday, dealers said, after crude stocks rose but fuel inventories slipped.
Mars Sour WTC-MRS rose 20 cents to a midpoint of a $1.50 premium to U.S. crude futures CLc1, its highest since March 13, according to data from LSEG.
Crude stocks rose by 2.4 million barrels in the week ended April 11, market sources said on condition of anonymity, citing American Petroleum Institute figures. Gasoline inventories fell by 3 million barrels and distillate stocks fell by 3.2 million barrels, they said.
Meanwhile, pipeline operator South Bow SOBO.TO said on Monday it was keeping an eye on inclement weather before proceeding with a planned controlled restart of its Keystone oil pipeline system.
Some U.S. refiners, especially in the Midwest, rely heavily on the type of oil produced in Canada and delivered by Keystone.
* Light Louisiana Sweet WTC-LLS for May delivery fell 8 cents to a midpoint of a $2.15 premium and was seen bid and offered between a $2.00 and $2.30 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS rose 20 cents to a midpoint of a $1.50 premium and was seen bid and offered between a $1.40 and $1.60 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged at a midpoint of a 90-cent premium and was seen bid and offered between a 70-cent and $1.10 a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS rose 10 cents to a midpoint of a 20-cent premium and was seen bid and offered between a 10-cent and 30-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.20 and $1.40 a barrel premium to U.S. crude futures CLc1
* ICE Brent June futures LCOc1 fell 21 cents to settle at $64.67 a barrel
* WTI May crude CLc1 futures fell 20 cents to settle at $61.33 a barrel
* The Brent/WTI spread WTCLc1-LCOc1 widened 9 cents to last trade at minus $3.92, after hitting a high of minus $3.79 and a low of minus $3.92
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