U.S. cash crude – Stronger in early dealing

HOUSTON, Oct 26 (BestGrowthStock) – Key U.S. cash crude
differentials strengthened in early dealing on Tuesday as
physical trading for December began with Brent (LCOc1: ) gaining
on front-month West Texas Intermediate (CLc1: ).

Light Louisiana Sweet (LLS-: ) sold for $3.00 over WTI, up 5
cents. Mars sour (MRS-: ) traded at $2.25 under, stronger by 15
cents.

“It looks like the December Brent-WTI spread (CL-LCO1=R: )
may see Brent outperform WTI, thus grades could get stronger,”
an analyst said.

Weaker front-month WTI against Brent or second-month WTI
tends to lift grades because cash crudes compete with imports
priced against Brent and deliver against second-month WTI.

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See (REF/MARGIN1: ) for Reuters’ generic refining margins

See (CL-1=R: ) for the WTI front/second month spread

See (CL-LCO1=R: ) for front month WTI/Brent futures spread

See (BFO-: ) for Reuters’ assessment of Dated Brent

See (0#FRT-: ) for Reuters assessed tanker rates

See (BRNV: ) for assessed domestic crude differentials

See (PPGR: ) for outright U.S. cash crude prices

See [REF/US] for a list of U.S. refinery outages

See [EIA/S] for U.S. EIA inventory reports and forecasts

See [CRU/TU] for recent cash crude deals

(Reporting by Janet McGurty and Bruce Nichols; Editing by
Dale Hudson)
([email protected]; Reuters Messaging:
(Reporting by Bruce Nichols)

U.S. cash crude – Stronger in early dealing