Physical crude grades mixed amid end-of-month trading

By Reuters News

By Liz Hampton

DENVER, Sept 25 (Reuters) - US cash crude grades were mixed on Friday in thin trading, brokers said, with some participants out of the market to attend industry events.

Oil futures fell roughly 2% to close out the week amid hopes of a truce between the US and Iran, and amid talk of a possible ban on US diesel exports, which could hurt crude demand. US West Texas Intermediate futures were down about 8% for the week.

Meanwhile, oil flows out of the Strait of Hormuz reached 33.7 million barrels in the week starting September 20, according to preliminary data from ship tracker Kpler, in line with previous weeks.

US oilfield service firms added rigs for the third week in a row, energy services company Baker Hughes said on Friday. Oil rigs rose by three to 455, the highest since mid-August.

  • Light Louisiana Sweet for October delivery was last at a $2.50 premium to West Teas Intermediate crude futures ​, but that market had little activity on Friday, dealers said

  • Mars Sour traded at a $5 discount to US crude futures, up $2.50 from the prior day


  • WTI Midland fell sharply, trading at a $2.5 discount to US crude futures


  • West Texas Sour traded at a $3 discount to crude futures ​, down $1 a barrel from the prior day

  • WTI at East Houston , also known as MEH, at a 75 cent premium to US West Texas Intermediate futures, versus a $2 premium the previous day

  • ICE Brent November futures fell $2.28 to settle at $104.32 a barrel on Friday​.


  • WTI November crude futures fell $2.2 to settle at $92.41 a barrel on Friday​.

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