HOUSTON, Oct 11 (Reuters) - Key U.S. cash crude differentials ticked stronger in slow trading on Monday as front-month West Texas Intermediate fell and the WTI calendar spread widened.
Light Louisiana Sweet bargained 15 cents stronger with offers as high as $3.60 over WTI. Mars sold up 15 cents at $1.10 under the screen.
Cash LLS for December delivery sold as strongly as plus $3.00.
For the day's deals, see.
With 10 days left until the pipeline-scheduling deadline for November delivery, traders were in no rush to buy with WTI above $82 a barrel. Cash grades price against WTI.
Spreads widened, with Brent gaining 14 cents against WTI and November WTI losing 11 cents against December WTI.
Weaker front-month WTI against Brent and second-month WTI tends to strengthen differentials because cash crudes compete with imports based on Brent and deliver against second-month WTI.
On futures markets, November WTI fell 45 cents to $82.21 a barrel. November Brent slid 31 cents to $83.72. Analysts cited dollar strengthening.
The WTI-Brent spread widened to minus $1.51, the WTI calendar spread to minus 80 cents.
Alaska North Slope crude last sold Sept. 27 for 25 cents a barrel over WTI in a deal for November delivery. Buyers in California cut posted oil prices 45 cents 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 bargained 15 cents stronger with offers as high as $3.60 over WTI. Mars sold up 15 cents at $1.10 under the screen.
Cash LLS for December delivery sold as strongly as plus $3.00.
For the day's deals, see.
With 10 days left until the pipeline-scheduling deadline for November delivery, traders were in no rush to buy with WTI above $82 a barrel. Cash grades price against WTI.
Spreads widened, with Brent gaining 14 cents against WTI and November WTI losing 11 cents against December WTI.
Weaker front-month WTI against Brent and second-month WTI tends to strengthen differentials because cash crudes compete with imports based on Brent and deliver against second-month WTI.
On futures markets, November WTI fell 45 cents to $82.21 a barrel. November Brent slid 31 cents to $83.72. Analysts cited dollar strengthening.
The WTI-Brent spread widened to minus $1.51, the WTI calendar spread to minus 80 cents.
Alaska North Slope crude last sold Sept. 27 for 25 cents a barrel over WTI in a deal for November delivery. Buyers in California cut posted oil prices 45 cents 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.