A wider discount makes U.S.-linked grades more attractive to foreign buyers.
Across the Atlantic, China's Unipec bought several cargoes of Angolan crude on the spot market, confirming market expectations that demand would strongly return after COVID-19 restrictions there were relaxed. In pipeline news, oil flows on TC Energy's Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive Francois Poirier said.
* Light Louisiana Sweet for April delivery rose 30
cents to a midpoint of a $3 premium and was bid and offered
between a $2.50 and a $3.50 a barrel premium to U.S. crude
futures .
* Mars Sour gained 10 cents at a midpoint of an
30-cent discount and was traded between a 10-cent and a 50-cent
a barrel discount to U.S. crude futures .
* WTI Midland rose 10 cents to a midpoint of a
$1.70 premium and traded between a $1.50 and a $1.90 a barrel
premium to U.S. crude futures .
* West Texas Sour eased 50 cents to a midpoint of
a 70-cent discount and was bid and offered between a 50-cent and
a 90-cent a barrel discount to U.S. crude futures .
* WTI at East Houston, also known as MEH, traded between $1.70 and $2.10 over WTI.
* ICE Brent May futures fell $1.07 to settle at
$81.59 a barrel.
* WTI April crude futures fell 94 cents to settle at
$75.72 a barrel.
* The Brent/WTI spread narrowed 4 cents to
minus $5.81, after hitting a high of minus $5.72 and a low of
minus $5.96.
(Reporting by Arathy Somasekhar in Houston; Editing by Lisa
Shumaker)
