US Cash Crude-Grades mixed on first full day of cash roll period
Nov 21 (Reuters) -U.S. cash crude prices mixed on Thursday, dealers said, on the first full day of the cash roll period.
Prices to roll U.S. crude oil positions from December to January traded at 45 cents a barrel, dealers said.
Traders use the three-day roll period to square positions and manage exposure, resulting in more volatile trading.
The Brent/WTI spread WTCLc1-LCOc1 widened 7 cents to last trade at minus $4.13.
Meanwhile, OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, said three OPEC+ sources familiar with the discussions.
* Light Louisiana Sweet WTC-LLS for December delivery firmed 30 cents to a midpoint of a $2.00 premium and was seen bid and offered between a $1.60 and $2.40 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS eased 10 cents to a midpoint of a 40-cent discount and was seen bid and offered between a 60-cent and 20-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM strengthened 5 cents to a midpoint of a $1.15 premium and was seen bid and offered between a $1.00 and $1.30 a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS eased 5 cents to a midpoint of a 10-cent premium and was seen bid and offered between a premium of 30 cents and discount of 10 cents a barrel to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.60 and $2.00 a barrel premium to U.S. crude futures CLc1
* ICE Brent January futures LCOc1 rose $1.42 to settle at $74.23 a barrel on Thursday.
* WTI January crude CLc1 futures rose $1.35 to settle at $70.1 a barrel on Thursday.
* The Brent/WTI spread WTCLc1-LCOc1 widened 7 cents to last trade at minus $4.13, after hitting a high of minus $3.98 and a low of minus $4.13.
Reporting by Arathy Somasekhar in Houston; Editing by David Gregorio
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