US West Coast - ANS climbs on expected demand

Mon Apr 7, 2008 11:33pm BST
 
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 HOUSTON, April 7 (Reuters) - Alaska North Slope crude
ASW- ascended $2.65 a barrel as expected increased demand for
distillates pushed U.S. crude futures and cash prices higher,
traders said on Monday.
 ANS finished in a bid-offer spread of $108.75/$108.85 per
barrel.
 California crude buyers lifted prices by $2.65 per barrel
on Monday.
 ANS last sold Feb. 26 even with WTI in a deal for 300,000
barrels for May delivery.
 Trade in ANS is limited as most producers either sell the
oil under term contracts or take the crude into their own West
Coast refining systems.
 (Reporting by Erwin Seba; Editing by David Gregorio)

 
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