U.S. Cash Crude-Cash differentials mixed in choppy trading
HOUSTON, July 18 (Reuters) - U.S (Other OTC: UBGXF - news) . cash crude differentials
were mixed in choppy trading on Monday, with the Gulf Coast sour
benchmark tumbling as traders eyed weak refining margins.
Other crude grades, including the Gulf Coast light, sweet
benchmark and those in West Texas, were little changed.
Market intelligence firm Genscape reported crude inventories
at the Cushing, Oklahoma, delivery hub rose 26,460 barrels the
week to July 15, according to traders who saw the data.
On the West Coast, BP Plc said it was chartering a
foreign flagged vessel to transport Alaskan North Slope (ANS)
crude.
* Light Louisiana Sweet (WTC-LLS) for August delivery was
unchanged at a midpoint of $1.77, trading between $1.75- and
$1.80-a-barrel premium to U.S. crude futures.
* Mars Sour (WTC-MRS (LSE: MRS.L - news) ) fell 10.5 cents to a midpoint of minus
$3.28 and traded between $3.25- and $3.30-a-barrel discount to
U.S. crude futures.
* WTI Midland (WTC-WTM) rose 2 cents to a midpoint of minus
38 cents and traded between 35-cent and 40-cent-a-barrel
discount to U.S. crude futures.
* West Texas Sour (WTC-WTS) was unchanged at a midpoint of
minus 80 cents, trading at an 80-cent-a-barrel discount to U.S.
crude futures.
* ICE Brent September futures fell 65 cents to
settle at $46.96 a barrel.
* WTI August crude futures fell 71 cents to settle at
$45.24 a barrel.
* The Brent/WTI spread (WTCLc1-LCOc1) widened by 6 cents to
settle at negative $1.02.
(Reporting by Liz Hampton; Editing by Peter Cooney)