US Cash Crude-Grades mixed on final day of cash roll period
Nov 25 (Reuters) -Domestic crude grades were mixed on Monday, dealers said, on the third and final day of the cash roll period, which sees volatile trading.
Prices to roll U.S. crude oil positions from December to January traded at 25 cents a barrel, dealers said.
Traders use the three-day roll period to square positions and manage exposure.
OPEC+ may consider leaving its current oil output cuts in place from Jan. 1 at its next meeting on Sunday, Azerbaijan's Energy Minister Parviz Shahbazov told Reuters, as the group had already postponed hikes amid demand worries.
Elsewhere, China issued an additional crude oil import quota of at least 5.84 million metric tons (116,800 barrels per day) to independent refiners for cargoes arriving by end-2024 and in early 2025, people familiar with the situation said.
Meanwhile, U.S. oil refiners are expected to have about 145,000 bpd of capacity offline in the week ending Nov. 29, increasing available refining capacity by 312,000 bpd, research company IIR Energy said on Monday.
Offline capacity is expected to fall to 21,000 bpd in the week ending Dec. 6, IIR added.
* Light Louisiana Sweet WTC-LLS for December delivery rose 80 cents at a midpoint of a $2.50 premium and was seen bid and offered between a $2.40 and $2.60 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS weakened 40 cents at a midpoint of a 50-cent discount and was seen bid and offered between a 60-cent and 40-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 25 cents at a midpoint of a 80-cent premium and was seen bid and offered between a 70-cent and 90-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS gained 55 cents at a midpoint of a 60-cent premium and was seen bid and offered between a 50-cent and 70-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.90 and $2.10 a barrel premium to U.S. crude futures CLc1
* ICE Brent January futures LCOc1 fell $2.16 to settle at $73.01 a barrel on Monday.
* WTI January crude CLc1 futures fell $2.30 to settle at $68.94 a barrel.
* The Brent/WTI spread WTCLc1-LCOc1 widened to last trade at minus $4.07, after hitting a high of minus $3.88 and a low of minus $4.10.
Reporting by Georgina McCartney in Houston; Editing by David Gregorio
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