Russian Deputy Prime Alexander Novak said on Thursday the
OPEC+ group of leading oil producers saw no need for further
output cuts despite lower-than-expected Chinese demand, but that
the organization can always adjust policy if necessary. Oil futures steadied on Thursday, paring losses from the
previous session, after a top Russian official said global oil
markets were balanced.
* Light Louisiana Sweet for June delivery gained 5
cents at a midpoint of a $1.5 premium and was seen bid and
offered between a $1.4 and $1.6 a barrel premium to U.S. crude
futures ?
* Mars Sour fell 30 cents at a midpoint of a $1.6
discount and was seen bid and offered between a $1.7 and $1.5 a
barrel discount to U.S. crude futures ?
* WTI Midland gained 5 cents at a midpoint of a
60-cent premium and was seen bid and offered between a 50-cent
and 70-cent a barrel premium to U.S. crude futures ?
* West Texas Sour fell 5 cents at a midpoint of a
75-cent discount and was seen bid and offered between a $1.25
and 25-cent a barrel discount to U.S. crude futures ?
* WTI at East Houston , also known as MEH, traded
between a 70-cent and 90-cent a barrel premium to U.S. crude
futures ?
* ICE Brent June futures rose 68 cents to settle at
$78.37 a barrel on Thursday?.
* WTI June crude futures rose 46 cents to settle at
$74.76 a barrel on Thursday?.
* The Brent/WTI spread widened, after hitting a
high of minus $3.28 and a low of minus $3.65.
(Reporting by Stephanie Kelly in New York; Editing by Lisa
Shumaker, David Gregorio and Diane Craft)
April 27 (Reuters) - U.S. cash crude grades were largely
mixed on Thursday, dealers said, as the market took a pause
after U.S. crude's discount to Brent narrowed during the
previous session to the most since December.
Coastal grades Light Louisiana Sweet and Mars Sour were mixed on the day, as were inland grades WTI
Midland and West Texas Sour .
Mars Sour dropped to its weakest since March 31, and West
Texas Sour weakened to the most since April 12.
U.S. crude's discount to international benchmark Brent narrowed on Wednesday to $3.25 a barrel, the
narrowest since Dec. 23. It eased to around $3.50 a barrel on
Thursday.
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