US Cash Crude-Grades mixed as underlying WTI futures contract expires
July 22 (Reuters) -Physically traded U.S. coastal grades fell on Monday, dealers said, while inland crudes rose as the underlying WTI futures contract expired.
Monday marked WTI futures' expiry, signaling the beginning of the volatile roll trading period.
Traders use the three-day roll period to square positions and manage exposure, resulting in more volatile trading.
Meanwhile, crude and gasoline stockpiles were expected to have fallen while distillate inventories likely rose last week, a preliminary Reuters poll showed on Monday.
Six analysts polled by Reuters estimated that crude inventories on average fell by 2.5 million barrels in the week to July 19.
* Light Louisiana Sweet WTC-LLS for August delivery fell 10 cents at a midpoint of a $2.40 premium and was seen bid and offered between a $2.30 and $2.50 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS fell 10 cents at a midpoint of a $2.2 discount and was seen bid and offered between a $2.30 and $2.10 a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM gained 10 cents at a midpoint of a 70-cent premium and was seen bid and offered between a 60-cent and 80-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS gained 40 cents at a midpoint of a 25-cent discount and was seen bid and offered between a 35-cent and 15-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between an 85-cent and $1.05 a barrel premium to U.S. crude futures CLc1
* ICE Brent September futures LCOc1 fell 23 cents to settle at $82.4 a barrel on Monday.
* WTI August crude CLc1 futures fell 35 cents to settle at $79.78 a barrel on Monday.
* The Brent/WTI spread WTCLc1-LCOc1 widened last to minus $3.99, after hitting a high of minus $3.95 and a low of minus $4.10.
Reporting by Georgina McCartney in Houston
Editing by Matthew Lewis
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