HOUSTON, June 17 (Reuters) - U.S. cash crude differentials
edged higher but seemed rangebound Wednesday amid uncertainty
about the direction of the market beyond July, traders said.
Light Louisiana Sweet gained 15 cents to sell for $1.65 a barrel over West Texas Intermediate. Mars sour sold for $3.00 under WTI, unchanged.
'There seems to be lethargy in deciding where grades will trade beyond July, hence, very little being done in the fourth quarter,' a trader said.
On futures markets, July WTI rose 56 cents to $71.03 a barrel. August Brent added 61 cents to $70.85.
WTI strengthened 11 cents against later months to -57 cents . But August WTI was unchanged against Brent at +82 cents.
Among other cash crudes, West Texas Sour and WTI at Midland both gained 10 cents to -$1.70 and -30 cents respectively.
Bonito sour sold for -60 cents, unchanged from the last reported deal Monday. Poseidon sour mirrored Mars with deals at -$3.05 and -$3.10, virtually unchanged.
Thunder Horse sold for -80 cents, in range of bargaining Tuesday.
On the West Coast, Alaskan North Slope crude for August sold for 25 cents over WTI in the last publicly disclosed deal Tuesday. July ANS last sold for 35 cents under June 9.
Buyers raised posted prices for California crude 55 cents a barrel.
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(Reporting by Bruce Nichols; Editing by David Gregorio)
((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 gained 15 cents to sell for $1.65 a barrel over West Texas Intermediate. Mars sour sold for $3.00 under WTI, unchanged.
'There seems to be lethargy in deciding where grades will trade beyond July, hence, very little being done in the fourth quarter,' a trader said.
On futures markets, July WTI rose 56 cents to $71.03 a barrel. August Brent added 61 cents to $70.85.
WTI strengthened 11 cents against later months to -57 cents . But August WTI was unchanged against Brent at +82 cents.
Among other cash crudes, West Texas Sour and WTI at Midland both gained 10 cents to -$1.70 and -30 cents respectively.
Bonito sour sold for -60 cents, unchanged from the last reported deal Monday. Poseidon sour mirrored Mars with deals at -$3.05 and -$3.10, virtually unchanged.
Thunder Horse sold for -80 cents, in range of bargaining Tuesday.
On the West Coast, Alaskan North Slope crude for August sold for 25 cents over WTI in the last publicly disclosed deal Tuesday. July ANS last sold for 35 cents under June 9.
Buyers raised posted prices for California crude 55 cents a barrel.
==========================================================
DATA LINKS: Energy Speed Guide Crude Speed Guide NYMEX WTI futures ICE Brent futures US crude prices US crude differentials Freight rates
NEWS LINKS: NYMEX Market reports ICE market reports US Cash crude deals Foreign crude deals Dirty tanker news Dirty tanker fixtures Weekly US oil data US crude outlook US Refinery outages US Cash oil products US products outlook ...........................................................
(Reporting by Bruce Nichols; Editing by David Gregorio)
((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.