US Cash Crude - Grades up a bit amid uncertainty
HOUSTON, June 17 (Reuters) - U.S. cash crude differentials edged higher but seemed rangebound Wednesday amid uncertainty about the direction of the market beyond July, traders said.
Light Louisiana Sweet LLS- gained 15 cents to sell for $1.65 a barrel over West Texas Intermediate CLc1. Mars sour MRS- sold for $3.00 under WTI, unchanged.
"There seems to be lethargy in deciding where grades will trade beyond July, hence, very little being done in the fourth quarter," a trader said.
On futures markets, July WTI CLN9 rose 56 cents to $71.03 a barrel. August Brent LCON9 added 61 cents to $70.85.
WTI strengthened 11 cents against later months to -57 cents CL-1=R. But August WTI CLQ9 was unchanged against Brent at +82 cents CL-LCO1=R.
Among other cash crudes, West Texas Sour WTS- and WTI at Midland WTM- both gained 10 cents to -$1.70 and -30 cents respectively.
Bonito sour BS- sold for -60 cents, unchanged from the last reported deal Monday. Poseidon sour PSD- mirrored Mars with deals at -$3.05 and -$3.10, virtually unchanged.
Thunder Horse sold for -80 cents, in range of bargaining Tuesday.
On the West Coast, Alaskan North Slope crude ASW- for August sold for 25 cents over WTI in the last publicly disclosed deal Tuesday. July ANS last sold for 35 cents under June 9.
Buyers raised posted prices for California crude 55 cents a barrel. ==========================================================
DATA LINKS: Energy Speed Guide ENERGY Crude Speed Guide <CRUDES/1> NYMEX WTI futures <0#CL:> ICE Brent futures <0#LCO:> US crude prices PPGR US crude differentials BRNV Freight rates <0#FRT-> NEWS LINKS: NYMEX Market reports [O/N] ICE market reports [O/L] US Cash crude deals [CRU/TU] Foreign crude deals [CRU/T] Dirty tanker news [TAN/CRU] Dirty tanker fixtures [TAN/D] Weekly US oil data [EIA/S] US crude outlook [US/CRU] US Refinery outages [REF/US] US Cash oil products [PRO/U] US products outlook [US/PRO] .............. (Reporting by Bruce Nichols; Editing by David Gregorio)
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