US Cash Crude-Grades mixed on second full day of cash roll
Aug 22 (Reuters) -U.S. crude oil differentials were mixed on Thursday, dealers said, on the second full day of cash roll trade.
The roll trade period, used by traders to square positions, started on Tuesday afternoon and will go on for three full days.
Trading tends to be more volatile during the roll period.
The cash roll for September to October traded at $1.
The spread between global benchmark, Brent and WTI futures widened to its largest discount since Aug. 7, supporting LLS and Mars values.
A wider Brent/WTI spread can encourage transatlantic demand for U.S. grades.
On the refining side, Valero reported a unit trip at its 145,000 barrels per day Benicia refinery in California on Wednesday, potentially weighing on crude demand.
* Light Louisiana Sweet WTC-LLS for September delivery gained 30 cents at a midpoint of a $1.30 premium and was seen bid and offered between a $1.10 and $1.50 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS gained 35 cents at a midpoint of a $1.15 discount and was seen bid and offered between a $1.60 and 70-cent a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 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 fell 60 cents at a midpoint of a 30-cent discount and was seen bid and offered between a 40-cent and 20-cent a barrel discount to U.S. crude futures CLc1
* WTI at East Houston WTC-MEH, also known as MEH, traded between a $1.45 and $1.65 a barrel premium to U.S. crude futures CLc1
* ICE Brent October futures LCOc1 rose $1.17 to settle at $77.22 a barrel on Thursday.
* WTI October crude CLc1 futures rose $1.08 to settle at $73.01 a barrel on Thursday.
* The Brent/WTI spread WTCLc1-LCOc1 widened last to minus $4.12, after hitting a high of minus $4.12 and a low of minus $4.24.
Reporting by Georgina McCartney in Houston; Editing by David Gregorio
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