NEW YORK, April 30 (Reuters) - U.S. cash crude differentials weakened as WTI's discount to Brent narrowed on Friday.
Light Louisiana Sweet was down 90 cents at $3.90 over West Texas Intermediate, after reaching its strongest premium since early 2009 on Tuesday.
Mars sour fell by 60 cents to trade for $1.50 below WTI.
For a list of the day's cash crude deals see
The trans-Atlantic spread narrowed to $1.23 a barrel from $1.51 a barrel on Thursday and as much as $3.65 earlier in the week, an eight-month high.
WTI's front-to-second-month contango was $2.23 a barrel, up from $1.61 on Thursday.
On futures markets, June WTI rose 98 cents a barrel to $86.15 in post-settlement trade.
Major oil and grain shipping channels through the Gulf of Mexico are not yet being affected by a massive oil slick offshore, but concerns are mounting that crude shipments in the region could soon be affected.
Alaska North Slope crude last sold Tuesday for $1.20 a barrel under WTI, 75 cents stronger than the previous deal for June delivery last week. The last deal for May was done at $2.00 under the screen Thursday.
Buyers of California crudes raised posted prices by $1.10 a barrel.
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
((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.
Light Louisiana Sweet was down 90 cents at $3.90 over West Texas Intermediate, after reaching its strongest premium since early 2009 on Tuesday.
Mars sour fell by 60 cents to trade for $1.50 below WTI.
For a list of the day's cash crude deals see
The trans-Atlantic spread narrowed to $1.23 a barrel from $1.51 a barrel on Thursday and as much as $3.65 earlier in the week, an eight-month high.
WTI's front-to-second-month contango was $2.23 a barrel, up from $1.61 on Thursday.
On futures markets, June WTI rose 98 cents a barrel to $86.15 in post-settlement trade.
Major oil and grain shipping channels through the Gulf of Mexico are not yet being affected by a massive oil slick offshore, but concerns are mounting that crude shipments in the region could soon be affected.
Alaska North Slope crude last sold Tuesday for $1.20 a barrel under WTI, 75 cents stronger than the previous deal for June delivery last week. The last deal for May was done at $2.00 under the screen Thursday.
Buyers of California crudes raised posted prices by $1.10 a barrel.
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
((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.