US Cash Crude-Grades mixed as Tropical Storm Francine barrels across Gulf of Mexico
Sept 9 (Reuters) -U.S. crude grades were mixed on Monday, dealers said, with Tropical Storm Francine expected to make landfall on the Louisiana coast on Wednesday evening.
U.S. Gulf of Mexico offshore oil and gas producers on Monday were evacuating staff and curbing drilling as the storm churned through the energy region on a path to bring high winds and drenching rains to the U.S. mid-South.
Exxon Mobil XOM.N said it shut-in output and evacuated staff from its Hoover offshore production platform. Shell SHEL.L said it was evacuating non-essential personnel from three offshore oil platforms, and had paused drilling operations at two others.
On the refining side, U.S. oil refiners are expected to have about 311,000 barrels per day (bpd) of capacity offline in the week ending Sept. 13, increasing available refining capacity by 166,000 bpd, research company IIR Energy said on Monday.
Offline capacity is expected to rise to 535,000 bpd in the week ending Sept. 20, IIR added.
* Light Louisiana Sweet WTC-LLS for October delivery was unchanged at a midpoint of a $2.00 premium and was seen bid and offered between a $1.90 and $2.10 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS gained 5 cents at a midpoint of an 80-cent discount and was seen bid and offered between a 90-cent and 70-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged at a midpoint of an 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 fell 35 cents at a midpoint of a 20-cent discount and was seen bid and offered between a 30-cent and 10-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.35 and $1.55 a barrel premium to U.S. crude futures CLc1
* ICE Brent November futures LCOc1 rose 78 cents to settle at $71.84 a barrel on Monday.
* WTI October crude CLc1 futures rose $1.04 to settle at $68.71 a barrel on Monday.
* The Brent/WTI spread WTCLc1-LCOc1 narrowed last to minus $4.08, after hitting a high of minus $3.92 and a low of minus $4.14.
Reporting by Georgina McCartney in Houston
Editing by Chris Reese
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