HOUSTON, June 22 (Reuters) - Sweets rose and sours fell on
the U.S. cash crude market Monday as the July New York futures contract expired.
Light Louisiana Sweet sold for $1.90 a barrel over West Texas Intermediate, up 35 cents, and Mars slipped to -$4.25, down 35 cents, as traders headed into roll period.
Roll, the three days between West Texas Intermediate expiry on the New York Mercantile Exchange and the pipeline-scheduling deadline, often is volatile as traders complete their slates.
On futures markets, July WTI expired down $2.62 at $66.93 a barrel. August Brent shed $2.21 to $66.98. Analysts blamed a 200-point drop on the stock market and a stronger dollar.
Among other cash crudes, there were August deals for Mars at $3.50 under WTI, down 10 cents. Heavy Louisiana Sweet for July gained 20 cents to sell for 70 cents a barrel over WTI.
Southern Green Canyon sold for -$5.20, weaker by 40 cents.
West Texas Sour and WTI at Midland were virtually unchanged, WTS selling for -$2.15, down 5 cents, and WTI at Midland for -20 cents, up 5 cents.
On the West Coast, Alaskan North Slope crude for August sold 25 cents over WTI in the last disclosed deal Tuesday. July ANS last sold for 35 cents under June 9.
Buyers cut posted prices for California crude $2.60 a barrel.
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(Reporting by Bruce Nichols)
((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 sold for $1.90 a barrel over West Texas Intermediate, up 35 cents, and Mars slipped to -$4.25, down 35 cents, as traders headed into roll period.
Roll, the three days between West Texas Intermediate expiry on the New York Mercantile Exchange and the pipeline-scheduling deadline, often is volatile as traders complete their slates.
On futures markets, July WTI expired down $2.62 at $66.93 a barrel. August Brent shed $2.21 to $66.98. Analysts blamed a 200-point drop on the stock market and a stronger dollar.
Among other cash crudes, there were August deals for Mars at $3.50 under WTI, down 10 cents. Heavy Louisiana Sweet for July gained 20 cents to sell for 70 cents a barrel over WTI.
Southern Green Canyon sold for -$5.20, weaker by 40 cents.
West Texas Sour and WTI at Midland were virtually unchanged, WTS selling for -$2.15, down 5 cents, and WTI at Midland for -20 cents, up 5 cents.
On the West Coast, Alaskan North Slope crude for August sold 25 cents over WTI in the last disclosed deal Tuesday. July ANS last sold for 35 cents under June 9.
Buyers cut posted prices for California crude $2.60 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)
((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.