US Cash Crude-Grades fall as gasoline stocks rise, Libyan supply to return
Oct 1 (Reuters) -Physically traded domestic crude grades broadly fell on Tuesday, dealers said, as U.S. gasoline stocks rose and Libyan producers were preparing to restore production, according to sources.
U.S. gasoline inventories rose last week while crude oil and distillate stockpiles fell, according to market sources citing American Petroleum Institute figures on Tuesday.
Crude stocks fell by 1.46 million barrels in the week ended Sept. 27, the sources said on condition of anonymity. Gasoline inventories rose by 437,000 barrels, and distillate stocks fell by 2.67 million barrels.
The market awaits official domestic oil stock data from the Energy Information Administration on Wednesday at 10:30 a.m. EDT (1530 GMT).
Elsewhere, Libya was preparing to restart oil production that has been shut since late of August after an agreement on a new head of the central bank was reached, two oilfield engineers told Reuters on Tuesday.
"We are now waiting for orders from the Corporation (the state oil firm) to resume production at its normal levels after a month-long stoppage," said an engineer from the Jalu 59 oilfield.
* Light Louisiana Sweet WTC-LLS for November delivery fell 20 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 20 cents at a midpoint of a $1.40 discount and was seen bid and offered between a $1.50 and $1.30 a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM was unchanged 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 10 cents at a midpoint of a 20-cent discount and was seen bid and offered between discount of 40 cents and parity 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 December futures LCOc1 rose $1.86 to settle at $73.56 a barrel on Tuesday.
* WTI November crude CLc1 futures rose $1.66 to settle at $69.83 a barrel.
* The Brent/WTI spread WTCLc1-LCOc1 widened last to minus $3.93, after hitting a high of minus $3.90 and a low of minus $4.15.
Reporting by Georgina McCartney in Houston; Editing by David Gregorio
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