US Cash Crude-Mars eases as hurricane shifts west
Nov 7 (Reuters) -Mars Sour crude prices eased on Thursday after strengthening for the prior three days, dealers said, as Hurricane Rafael shifted west towards Mexico.
Mars Sour WTC-MRS eased 35 cents to a discount of $1.05 to U.S. crude futures CLc1. It had firmed 60 cents over the prior three days.
More than 22% of crude oil production in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Thursday.
Energy producers had shut in 391,214 barrels per day of oil production and nearly 181 million cubic feet of natural gas from Gulf waters, the bureau said.
Meanwhile, the WTI/Brent spread WTCLc1-LCOc1 widened 6 cents, but still remained narrow. A narrower spread makes U.S. crudes less attractive to foreign buyers.
* Light Louisiana Sweet WTC-LLS for December delivery was unchanged at a midpoint of a $1.90 premium and was seen bid and offered between a $1.70 and $2.10 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS eased 35 cents at a midpoint of a $1.1 discount and was seen bid and offered between a $1.25 and a 95-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM gained 5 cents at a midpoint of a 70-cent premium and was seen bid and offered between a 50-cent and 90-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS strengthened 15 cents to a midpoint of a 70-cent discount and was seen bid and offered between a 90-cent and 50-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.00 and $1.40 a barrel premium to U.S. crude futures CLc1
* ICE Brent January futures LCOc1 rose 71 cents to settle at $75.63 a barrel on Thursday
* WTI December crude CLc1 futures remained unchanged at $72.36 a barrel on Thursday
* The Brent/WTI spread WTCLc1-LCOc1 widened 6 cents to last trade at minus $3.74, after hitting a high of minus $3.66 and a low of minus $3.80
Reporting by Arathy Somasekhar in Houston; Editing by Jamie Freed
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