HOUSTON, June 14 (Reuters) - U.S. cash crude differentials
weakened on Monday as calendar spreads narrowed and West Texas
Intermediate strengthened against Brent.
Light Louisiana Sweet sold for $3.20 over WTI , down 40 cents a barrel from Friday. Mars shed 25 cents to deal for 75 cents under.
For other cash crudes, see.
Strong front-month WTI against second-month WTI and Brent tends to weaken cash crude differentials.
The July-August WTI spread shrank to minus $1.16 at settlement from minus $1.56 Friday. The WTI-Brent spread hit minus 8 cents from minus 57 cents Friday.
U.S. crude for July rose $1.34 to $75.12 a barrel. July Brent gained 85 cents to $75.20.
Alaska North Slope crude for July delivery sold for
1a 50
cent discount to a calendar month average price for July WTI in the last publicly disclosed sale May 20.
Buyers raised posted prices for California crudes by $1.40 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 Sofina Mirza-Reid)
((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 for $3.20 over WTI , down 40 cents a barrel from Friday. Mars shed 25 cents to deal for 75 cents under.
For other cash crudes, see.
Strong front-month WTI against second-month WTI and Brent tends to weaken cash crude differentials.
The July-August WTI spread shrank to minus $1.16 at settlement from minus $1.56 Friday. The WTI-Brent spread hit minus 8 cents from minus 57 cents Friday.
U.S. crude for July rose $1.34 to $75.12 a barrel. July Brent gained 85 cents to $75.20.
Alaska North Slope crude for July delivery sold for
1a 50
cent discount to a calendar month average price for July WTI in the last publicly disclosed sale May 20.
Buyers raised posted prices for California crudes by $1.40 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 Sofina Mirza-Reid)
((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.