US Cash Crude-Grades largely fall as rig counts rise, Middle East ceasefire holds

NEW YORK, May 8 (Reuters) - U.S. domestic crude grades largely declined on Friday, as U.S. energy firms added more oil and natural gas rigs for the third week in a row and a fragile ceasefire in the Middle East held even as the U.S. and Iran clashed in the Strait of Hormuz.

The oil and gas rig count, an early indicator of future output, rose by one to 548 in the week to May 8, its highest since early April, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.

Separately, Russia and Ukraine confirmed on Friday that they had agreed to a ceasefire announced by U.S. President Donald Trump that will run from Saturday to Monday.

On the demand side, a large cloud of smoke was seen after an explosion at PBF Chalmette refinery in Louisiana, local media reported on Friday, adding that all personnel were accounted for and there were no injuries. And Suncor Energy reported planned maintenance work at its 98,000 barrel per day Commerce City, Colorado refinery.

  • Light Louisiana Sweet for June delivery eased 77 cents to land at a midpoint of a 63-cent premium and was seen bid and offered between parity and $1.25​ a barrel premium to U.S. crude futures CLc1 ​

  • Mars Sour fell $3 to a midpoint of a parity and was seen bid and offered between a discount of 20 cents​​ and a 20 cent a barrel premium to U.S. crude futures CLc1 ​

  • WTI Midland eased 5 cents to a midpoint of a $2.15 premium and was seen bid and offered between a $2.00 and $2.30 a barrel premium to U.S. crude futures CLc1 ​

  • West Texas Sour firmed 3 cents to a midpoint of a $1.18 discount and was seen bid and offered between a $1.35 and $1.00 a barrel discount to U.S. crude futures CLc1 ​

  • WTI at East Houston , also known as MEH, traded between a $2.60 and $3.00 a barrel premium to U.S. crude futures CLc1

  • ICE Brent July futures LCOc1 settled at $101.29 a barrel on Friday, up $1.23​.

  • WTI June crude CLc1 futures settled at $95.42 a barrel, 61 cents higher versus yesterday's close​.

  • The Brent/WTI spread widened 33 cents to last trade at minus $9.32, after hitting a high of minus $9.05 and a low of minus $9.85.


ترجمة هذه الصفحة آلية. تحاول منصة سهم تحسين الترجمة ولكن لا تضمن دقتها وموثوقيتها، ولن تتحمل المسؤولية عن أي خسارة أو ضرر بسبب عدم دقة أو إغفال في الترجمة. *المخاطر وإخلاء المسؤولية: يمثل المحتوى أعلاه المسؤولية الشخصية للمؤلف وآرائه فقط، ولا يمثل أي مسؤولية لمنصة سهم، ولا يمكن لمنصة سهم تأكيد صحة ودقة ومصداقية المحتوى أعلاه. يجب على المستثمرين مراعاة مخاطر المنتجات الاستثمارية على ضوء ظروفهم الخاصة قبل اتخاذ أي قرارات استثمارية. عند الضرورة، يرجى استشارة مستشار استثمار محترف. لا تقدم منصة سهم أي مشورة استثمارية، ولا تقدم أي التزامات أو ضمانات.