Grades typically tend to be more volatile during the roll period as traders use the window to net out exposures. Light Louisiana Sweet narrowed to a $1.35 premium, its weakest since Dec. 13, while Mars Sour also eased. Inland grade WTI Midland gained on Monday to a 60-cent premium after weakening to its lowest since January on Friday.
Oil prices settled higher on Monday, reversing losses as
investors grew optimistic that holiday travel in China would
boost fuel demand in the world's largest oil importer.
* Light Louisiana Sweet for May delivery fell 20
cents at a midpoint of a $1.35 premium and was seen bid and
offered between a $1.25 and $1.45 a barrel premium to U.S. crude
futures ?
* Mars Sour fell 20 cents at a midpoint of a $1.55
discount and was seen bid and offered between a $1.65 and $1.45
a barrel discount to U.S. crude futures ?
* WTI Midland gained 15 cents at a midpoint of a
60-cent premium and was seen bid and offered betweena 50-cent
and 70-cent a barrel premium to U.S. crude futures ?
* West Texas Sour fell 5 cents at a midpoint of a
35-cent discount and was seen bid and offered between a 50-cent
and 20-cent a barrel discount to U.S. crude futures ?
* WTI at East Houston , also known as MEH, traded
between a 75-cent and 95-cent a barrel premium to U.S. crude
futures ?
* ICE Brent June futures rose $1.07 to settle at
$82.73 a barrel on Monday?.
* WTI June crude futures rose 89 cents to settle at
$78.76 a barrel on Monday?.
* The Brent/WTI spread widened, hitting a high
of minus $3.66 and a low of minus $3.97.
(Reporting by Stephanie Kelly in New York; Editing by Sonali
Paul)
