US Cash Crude-Grades rise as domestic supply tightens
Sept 24 (Reuters) -Physically traded U.S. crude grades broadly rose on Tuesday, dealers said, on the second day of the volatile roll trading period, used by traders to square their positions and manage exposure.
U.S. crude oil and fuel stockpiles fell last week, according to market sources citing American Petroleum Institute figures.
Crude stocks fell by 4.34 million barrels in the week ended Sept. 20, the sources said on condition of anonymity. Gasoline inventories fell by 3.44 million barrels, and distillate stocks fell by 1.12 million barrels.
Investors await official U.S. oil stocks data from the Energy Information Administration on Wednesday at 10:30 a.m. EDT (1430 GMT).
Meanwhile, Tropical Storm Helene was expected to turn eastward on its track through the Caribbean and into the Gulf of Mexico, increasing the threat of high winds and heavy rains to Cuba and Florida but lessened the risk to U.S. offshore oil production, forecasters said.
Offshore producers have shut-in 16% of U.S. Gulf of Mexico oil and 11% of natural gas output. The numbers represent some 284,000 barrels per day (bpd) of crude and 208 million cubic feet per day of gas.
Elsewhere, Libya's crude oil exports have slumped to about 400,000 barrels per day (bpd) this month from August's 1.02 million bpd, port and shipping data show, as the OPEC member grapples with a political crisis that has slashed output.
* Light Louisiana Sweet WTC-LLS for October delivery gained 50 cents at a midpoint of a $2.00 premium and was seen bid and offered between a $1.90 and $2.10 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS gained 20 cents at a midpoint of a $1.7 discount and was seen bid and offered between a $1.80 and $1.60 a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged at a midpoint of a 55-cent premium and was seen bid and offered between a 30-cent and 80-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS gained 55 cents at a midpoint of a 40-cent discount and was seen bid and offered between a 50-cent and 30-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.60 and $1.80 a barrel premium to U.S. crude futures CLc1
* ICE Brent November futures LCOc1 rose $1.27 to settle at $75.17 a barrel on Tuesday.
* WTI November crude CLc1 futures rose $1.19 to settle at $71.56 a barrel on Tuesday.
* The Brent/WTI spread WTCLc1-LCOc1 widened last to minus $3.53, after hitting a high of minus $3.42 and a low of minus $3.63.
Reporting by Georgina McCartney in Houston
Editing by Marguerita Choy
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