NEW YORK, June 4 (Reuters) - U.S. cash crude differentials were little changed on Friday as futures prices plunged and spreads narrowed slightly.
Light Louisiana Sweet sold 10 cents down from average deal levels on Thursday, exchanging hands on Friday for $4.60 per barrel below West Texas Intermediate. Heavy Louisiana Sweet traded in a range of $4.00 to $4.15 above WTI, down from +$4.10 to +$4.40 on Thursday.
Mars traded for as much as 40 cents above WTI, up 5 cents a barrel from its highest known trade level on Thursday.
For other cash crudes, see.
The July-August WTI spread shrank slightly late on Friday to $1.37, from $1.39 a barrel in post-settlement trading late Thursday. The WTI-Brent spread was 75 cents post settlement, down from 77 cents a barrel in favor of Brent late on Thursday.
On futures markets, July WTI plunged $3.72 a barrel in post-settlement trade to $70.89 a barrel. Brent fell $3.75 to $71.66.
Alaska North Slope crude for July delivery sold for a 50-cent discount to a calendar month average price for July WTI in the last publicly disclosed sale May 20.
Buyers of California crudes cut posted prices by $3.00 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
(Reporting by Joshua Schneyer; editing by Jim Marshall)
((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 sold 10 cents down from average deal levels on Thursday, exchanging hands on Friday for $4.60 per barrel below West Texas Intermediate. Heavy Louisiana Sweet traded in a range of $4.00 to $4.15 above WTI, down from +$4.10 to +$4.40 on Thursday.
Mars traded for as much as 40 cents above WTI, up 5 cents a barrel from its highest known trade level on Thursday.
For other cash crudes, see.
The July-August WTI spread shrank slightly late on Friday to $1.37, from $1.39 a barrel in post-settlement trading late Thursday. The WTI-Brent spread was 75 cents post settlement, down from 77 cents a barrel in favor of Brent late on Thursday.
On futures markets, July WTI plunged $3.72 a barrel in post-settlement trade to $70.89 a barrel. Brent fell $3.75 to $71.66.
Alaska North Slope crude for July delivery sold for a 50-cent discount to a calendar month average price for July WTI in the last publicly disclosed sale May 20.
Buyers of California crudes cut posted prices by $3.00 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
(Reporting by Joshua Schneyer; editing by Jim Marshall)
((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.