US Cash Crude-Grades mixed as US crude stocks fall, gasoline inventories rise

Georgina McCartney, May 12 (Reuters) - Grades were mixed on Tuesday, dealers said U.S. crude stocks fell while gasoline inventories rose.

U.S. crude oil inventories fell for a fourth straight week last week, while distillate inventories also declined. Motor gasoline stocks, however, rose, according to market sources citing American Petroleum Institute data released on Tuesday.

Crude stocks fell by 2.2 million barrels in the week ended May 8, the sources said on condition of anonymity. Gasoline inventories rose by 502,000 barrels, while distillate inventories fell by 319,000 barrels compared to a week earlier, the sources said. API/S

The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its forecasts for U.S. motor fuel prices.

U.S. President Donald Trump said on Monday that ceasefire talks with Iran were on "life support," pointing to disagreements over Tehran's demands of a cessation of hostilities on all fronts, the removal of a U.S. naval blockade, the resumption of Iranian oil sales and compensation for war damage.

  • Light Louisiana Sweet for June delivery fell $1.50 to a midpoint of a parity and was seen bid and offered between a discount of 10 cents​​ and 10-cent a barrel premium to U.S. crude futures CLc1 ​

  • Mars Sour rose $1 to a midpoint of a $2 premium and was seen bid and offered between a $1.90 and $2.10 a barrel premium to U.S. crude futures CLc1 ​

  • WTI Midland was steady at a midpoint of a $1.80 premium and was seen bid and offered between a $1.70 and $1.90 a barrel premium to U.S. crude futures CLc1 ​

  • West Texas Sour fell 10 cents to a midpoint of a $1.80 discount and was seen bid and offered between a $1.90 and $1.70 a barrel discount to U.S. crude futures CLc1 ​

  • WTI at East Houston , also known as MEH, traded between a $2.40 and $2.60 a barrel premium to U.S. crude futures CLc1 ​

  • ICE Brent July futures LCOc1 rose $3.56 to settle at $107.77 a barrel

  • WTI June crude CLc1 futures rose $4.11 to settle at $102.18 a barrel

  • The Brent/WTI spread narrowed 28 cents to last trade at minus $9.19, after hitting a high of minus $9.12 and a low of minus $9.79


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.