HOUSTON, Sept 23 (Reuters) - Most Gulf Coast crudes gained while Midcontinent grades lost Wednesday in the second day of October-November roll trade on the U.S. cash crude market.
Light Louisiana Sweet strengthened 10 cents to sell for 65 cents a barrel over West Texas Intermediate. Mars sour gained 20 cents to minus +$3.80.
Roll trade is the three days between previous contract expiry Tuesday and the pipeline scheduling deadline Friday. Traders still in need raced to balance their slates before Friday.
On futures markets, November WTI ended its first day as the front-month contract down $2.79 to $68.97 a barrel. November Brent shed $2.54 to $67.99.
The roll, the price paid to roll an October contract into November without delivery, moved from -30 cents to -20 cents.
Among other cash grades, Bonito sour gained 5 cents to $1.85 under the screen. Poseidon rose 25 cents to minus $3.90. But Thunder Horse slid 30 cents to minus $2.30.
Away from the coast, WTI at Midland weakened 4 cents to 59 cents under. West Texas Sour skidded 35 cents to minus $2.60.
Alaska North Slope crude oil for November delivery last traded publicly Sept. 16 for 90 cents a barrel under WTI, unchanged from its previous level.
California buyers cut posted prices $2.60 a barrel, in line with the move in WTI futures. --------------------------------------------------------------
See for Reuters' generic refining margins
See for the WTI front/second month spread
See for front month WTI/Brent futures spread
See for Reuters' assessment of Dated Brent
See for Reuters assessed tanker rates
See for assessed domestic crude differentials
See for outright U.S. cash crude prices
See for a list of U.S. refinery outages
See for U.S. EIA inventory reports and forecasts
See for recent cash crude deals --------------------------------------------------------------
(Reporting by Bruce Nichols; Editing by Marguerita Choy)
((Email: b.nichols@thomsonreuters.com; +1 713 210 8510; Reuters Messaging: bruce.nichols.reuters.com@reuters.net)) Keywords: MARKETS USCRUDE (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com ; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Light Louisiana Sweet strengthened 10 cents to sell for 65 cents a barrel over West Texas Intermediate. Mars sour gained 20 cents to minus +$3.80.
Roll trade is the three days between previous contract expiry Tuesday and the pipeline scheduling deadline Friday. Traders still in need raced to balance their slates before Friday.
On futures markets, November WTI ended its first day as the front-month contract down $2.79 to $68.97 a barrel. November Brent shed $2.54 to $67.99.
The roll, the price paid to roll an October contract into November without delivery, moved from -30 cents to -20 cents.
Among other cash grades, Bonito sour gained 5 cents to $1.85 under the screen. Poseidon rose 25 cents to minus $3.90. But Thunder Horse slid 30 cents to minus $2.30.
Away from the coast, WTI at Midland weakened 4 cents to 59 cents under. West Texas Sour skidded 35 cents to minus $2.60.
Alaska North Slope crude oil for November delivery last traded publicly Sept. 16 for 90 cents a barrel under WTI, unchanged from its previous level.
California buyers cut posted prices $2.60 a barrel, in line with the move in WTI futures. --------------------------------------------------------------
See for Reuters' generic refining margins
See for the WTI front/second month spread
See for front month WTI/Brent futures spread
See for Reuters' assessment of Dated Brent
See for Reuters assessed tanker rates
See for assessed domestic crude differentials
See for outright U.S. cash crude prices
See for a list of U.S. refinery outages
See for U.S. EIA inventory reports and forecasts
See for recent cash crude deals --------------------------------------------------------------
(Reporting by Bruce Nichols; Editing by Marguerita Choy)
((Email: b.nichols@thomsonreuters.com; +1 713 210 8510; Reuters Messaging: bruce.nichols.reuters.com@reuters.net)) Keywords: MARKETS USCRUDE (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com ; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.