US Cash Crude-Grades mixed as Hurricane Milton blows through Florida
Oct 10 (Reuters) -U.S. cash crude grades were mixed on Thursday, dealers said, after Hurricane Milton blew through Florida.
Many fuel stations were sold out of gasoline in Florida and the storm also knocked out power to 3.4 million homes and businesses.
Mars rose 5 cents, while WTI at East Houston eased 5 cents.
The WTI/Brent spread WTCLc1-LCOc1 widened 26 cents to last trade at minus-$4.25, after hitting a high of minus-$3.98 and a low of minus-$4.30.
Libya's National Oil Corporation said it has restored production close to levels before the country's central bank crisis, reaching 1.22 million barrels per day on Thursday.
Production shut-ins in Libya had buoyed prices for competing U.S. light crude.
Investors continued to keep a close eye on the Middle East crisis as tensions have escalated in recent weeks. A Liberia-flagged tanker was struck twice with missiles and drones in the Red Sea on Thursday morning, in an attack claimed by Iran-aligned Houthi militants.
* Light Louisiana Sweet WTC-LLS for November delivery fell 10 cents at a midpoint of a $2.30 premium and was seen bid and offered between a $2.20 and $2.40 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS gained 5 cents at a midpoint of a $1.70 discount and was seen bid and offered between a $1.90 and $1.50 a barrel discount to U.S. crude
* WTI Midland WTC-WTM was unchanged at a midpoint of a 65-cent premium and was seen bid and offered between a 50-cent and 80-cent a barrel premium to U.S. crude
* West Texas Sour WTC-WTS fell 60 cents at a midpoint of an 85-cent discount and was seen bid and offered between a $1.20 and 50-cent a barrel discount to U.S. crude
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.20 and $1.60 a barrel premium to U.S. crude
* ICE Brent December futures LCOc1 rose $2.82 to settle at $79.40 a barrel
* WTI November crude CLc1 futures rose $2.61 to settle at $75.85 a barrel on Thursday .
* The WTI/Brent spread WTCLc1-LCOc1 widened 26 cents to last trade at minus $4.25, after hitting a high of minus $3.98 and a low of minus $4.30.
Reporting by Arathy Somasekhar in Houston; Editing by Rod Nickel
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