US Cash Crude-Grades ease as supply picks up after hurricane hit
Sept 16 (Reuters) -U.S. cash crude prices broadly weakened on Monday, dealers said, as production rebounded after a hit from Hurricane Francine.
More than 12% of crude production, or about 213,204 barrels per day of oil, in the U.S. Gulf of Mexico was offline in the aftermath of the hurricane, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.
Francine shut in up to 42% of the region's offshore oil production.
There were 24 oil and gas platforms still evacuated on Monday, about 6.5% of the Gulf of Mexico total, down from 171 evacuated offshore platforms at peak last week, the offshore regulator said, citing reports from producers.
Meanwhile, Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent.
U.S. Midland crude was expected to have a boost in demand from refiners that typically use Libyan light sweet crude.
In refining news, U.S. oil refiners are expected to have about 805,000 barrels per day (bpd) of capacity offline in the week ending Sept. 20, decreasing available refining capacity by 71,000 bpd, research company IIR Energy said on Monday.
* Light Louisiana Sweet WTC-LLS for October delivery fell 17.5 cents at a midpoint of a $1.75 premium and was seen bid and offered between a $1.65 and $1.85 a barrel premium to U.S. crude futures CLc1.
* Mars Sour WTC-MRS fell 20 cents at a midpoint of a $1 discount and was seen bid and offered between a $1.10 and 90-cent a barrel discount to U.S. crude futures CLc1.
* WTI Midland WTC-WTM gained 5 cents at a midpoint of a 60-cent premium and was seen bid and offered between a 50-cent and 70-cent a barrel premium to U.S. crude futures CLc1.
* West Texas Sour WTC-WTS fell 22.5 cents at a midpoint of a 15-cent discount and was seen bid and offered between a 25-cent and 5-cent a barrel discount to U.S. crude futures CLc1.
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.20 and $1.40 a barrel premium to U.S. crude futures CLc1.
* ICE Brent November futures LCOc1 fell 36 cents to settle at $71.61 a barrel.
* WTI October crude CLc1 futures fell 32 cents to settle at $68.65 a barrel.
* The Brent/WTI spread WTCLc1-LCOc1 widened last to minus $3.82, after hitting a high of minus $3.80 and a low of minus $3.92.
Reporting by Arathy Somasekhar in Houston; Editing by Will Dunham
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