Light Louisiana Sweet fell $1.20 at a midpoint of
a $2.9 premium, weakest since Jan. 25. Mars Sour fell
65 cents at a midpoint of a $1.25 discount.
Oil futures eased on Thursday as oil infrastructure appeared
to have escaped serious damage from the earthquake that
devastated parts of Turkey and Syria, while U.S. inventories
swelled and investors worried about Federal Reserve rate hikes. Russian oil producers increased output by almost 1% in the
first week of February from January, despite Western embargoes
on Russian fuel, Kommersant daily reported on Thursday, citing
anonymous data.
* Light Louisiana Sweet for March delivery fell
$1.20 at a midpoint of a $2.9 premium and was seen bid and
offered between $2.8 and $3 a barrel premium to U.S. crude
futures ?
* Mars Sour fell 65 cents at a midpoint of a $1.25
discount and was seen bid and offered between $1.35 and $1.15 a
barrel discount to U.S. crude futures ?
* WTI Midland was unchanged at a midpoint of a $2.15
premium and was seen bid and offered between $2.05 and $2.25 a
barrel premium to U.S. crude futures ?
* West Texas Sour gained three quarters of a dollar
at a midpoint of a 40-cent premium and was seen bid and offered
between 30-cent and 50-cent a barrel premium to U.S. crude
futures ?
* WTI at East Houston , also known as MEH, traded
between $2.3 and $2.5 a barrel premium to U.S. crude futures ?
* ICE Brent April futures fell 59 cents to settle at
$84.5 a barrel on Thursday?.
* WTI March crude futures fell 41 cents to settle at
$78.06 a barrel on Thursday?.
* The Brent/WTI spread narrowed 17 cents to
minus $6.23, after hitting a high of minus $6.14 and a low of
minus $6.50.
(Reporting by Stephanie Kelly; editing by Jonathan Oatis and
Diane Craft)
Feb 9 (Reuters) - U.S. coastal grades sank on Thursday,
dealers said, with Light Louisiana Sweet falling for the first
time since Jan. 25, as U.S. crude's discount to international
benchmark Brent narrowed.
West Texas Intermediate's discount to Brent narrowed during the session on Thursday, hitting a high of minus
$6.14 and a low of minus $6.50.
A narrower discount makes U.S.-linked grades more attractive
to foreign buyers.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.