US Cash Crude-Mars eases from highest level in over four years
Dec 19 (Reuters) -Mars Sour eased after strengthening for four straight sessions to its highest level in more than four years on Thursday, dealers said.
Mars eased more than $2 to a $1.20 premium. Mars has been trending higher in recent days, helped by strong refinery and export demand.
The spread between U.S. West Texas Intermediate and Brent crude narrowed to as much as minus $3.28, its most in three months. A narrower spread between the global benchmark and WTI, particularly under minus $4, typically discourages transatlantic demand.
In an indication of weak export demand, WTI at East Houston WTC-MEH, also known as MEH, traded at an 80 cent premium, the lowest since July. The spread between MEH and WTI Midland also eased to 5 cents.
* Light Louisiana Sweet WTC-LLS for January delivery eased 50 cents to a midpoint of a $3.00 premium and was seen bid and offered between a $2.75 and $3.25 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS eased $2.05 to a midpoint of a $1.2 premium and was seen bid and offered between a $1.00 and $1.4 a barrel premium to U.S. crude futures CLc1
* WTI Midland WTC-WTM eased 10 cents at a midpoint of a 75-cent premium and was seen bid and offered between a 50-cent and $1.00 a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS firmed 95 cents to a midpoint of a 35-cent premium and was seen bid and offered between a 20-cent and 50-cent a barrel premium to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a 60-cent and $1.00 a barrel premium to U.S. crude futures CLc1
* ICE Brent February futures LCOc1 fell 51 cents to settle at $72.88 a barrel on Thursday .
* WTI February crude CLc1 futures fell 15 cents and is currently trading at $69.23 a barrel on Thursday .
* The Brent/WTI spread WTCLc1-LCOc1 widened 7 cents to last trade at minus $3.44, after hitting a high of minus $3.28 and a low of minus $3.50.
Reporting by Arathy Somasekhar in Houston; editing by Deepa Babington
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