NEW YORK, Feb 10 (Reuters) - U.S. cash crudes were mixed on Wednesday as futures climbed for a third day and time spreads narrowed.
Mars sour fell 15 cents to $2.90 below WTI. Light Louisiana Sweet fell 15 cents to trade for $1.00 above WTI. Poseidon traded up 15 cents at $2.65 below WTI.
For other cash crude deals, see.
Traders, brokers and analysts cited buying to fill March refinery slates. Time spreads were not favorable for grades, as the March-April WTI spread narrowed 9 cents to minus 36 cents.
The WTI-Brent spread expanded to $1.98 a barrel in favor of WTI, up from $1.62 a barrel on Tuesday.
A fire in a Suncor Energy oilsands upgrader reported on Tuesday, had little immediate impact on Gulf Coast or Midcontinent grades. Canadian syncrude differentials firmed 15 cents to 75 cents a barrel above WTI after the fire.
On futures markets, March WTI settled 77 cents a barrel higher at $74.52. March Brent added 41 cents to settle at $72.56.
Alaska North Slope crude gained 25 cents a barrel to trade for 25 cents above WTI.
Buyers raised prices for California crudes 75 cents a barrel.
(Reporting by Joshua Schneyer; Editing by David Gregorio)
((Email: joshua.schneyer@thomsonreuters.com; +1 646-223-6051; Reuters Messaging: joshua.schneyer.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 2010. 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.
Mars sour fell 15 cents to $2.90 below WTI. Light Louisiana Sweet fell 15 cents to trade for $1.00 above WTI. Poseidon traded up 15 cents at $2.65 below WTI.
For other cash crude deals, see.
Traders, brokers and analysts cited buying to fill March refinery slates. Time spreads were not favorable for grades, as the March-April WTI spread narrowed 9 cents to minus 36 cents.
The WTI-Brent spread expanded to $1.98 a barrel in favor of WTI, up from $1.62 a barrel on Tuesday.
A fire in a Suncor Energy oilsands upgrader reported on Tuesday, had little immediate impact on Gulf Coast or Midcontinent grades. Canadian syncrude differentials firmed 15 cents to 75 cents a barrel above WTI after the fire.
On futures markets, March WTI settled 77 cents a barrel higher at $74.52. March Brent added 41 cents to settle at $72.56.
Alaska North Slope crude gained 25 cents a barrel to trade for 25 cents above WTI.
Buyers raised prices for California crudes 75 cents a barrel.
(Reporting by Joshua Schneyer; Editing by David Gregorio)
((Email: joshua.schneyer@thomsonreuters.com; +1 646-223-6051; Reuters Messaging: joshua.schneyer.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 2010. 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.