US Cash Crude-Sweets up, sours flat on slow day
HOUSTON, Jan 24 (Reuters) - Key sweets rose and sours were steady in slow roll-period trade Thursday as U.S. cash crude dealers balanced their books on the eve of pipeline scheduling.
Light Louisiana Sweet LLS- traded as high as $3.25 over West Texas Intermediate CLc1, up 35 cents. Mars sour MRS- sold for -$8.50, unchanged.
It was the second day of roll trade after the WTI February contract expired Tuesday on the New York Mercantile Exchange. The deadline for scheduling pipeline shipments is Friday.
Most traders had already finished their work for the month, and many deals were small, book-balancing transactions.
On futures markets, March WTI CLH8 rose $2.42, to $89.41, despite higher crude and gasoline stocks and after agreement between Congress and the White House on an economic stimulus package.
March Brent LCOH8 rose $2.45 to $89.07.
The roll hovered around +50/+70.
Among other cash crudes, Heavy Louisiana Sweet HLS- changed hands at +50 cents, up more than $1 from deals reported Wednesday. Eugene Island EUI- was unchanged at +50/+70 cents.
West Texas Sour WTS- bargained weaker at -$6.75/-$6.25, off 50 cents. WTI Midland WTM- moved up to -20 cents at even from -25 at -10 cents.
Sours Poseidon PSD- and Southern Green Canyon SGC- were mixed, Poseidon down 45 cents at -$9.25/-$8.75 and SGC up 25 cents at -$9.25/-$8.75. ..............
DATA LINKS: Energy Speed Guide ENERGY Crude Speed Guide <CRUDES/1> NYMEX WTI futures <0#CL:> ICE Brent futures <0#LCO:> US crude prices PPGR US crude differentials BRNV Freight rates <0#FRT-> NEWS LINKS: NYMEX Market reports [O/N] ICE market reports [O/L] US Cash crude deals [CRU/TU] Foreign crude deals [CRU/T] Dirty tanker news [TAN/CRU] Dirty tanker fixtures [TAN/D] Weekly US oil data [EIA/S] US crude outlook [US/CRU] US Refinery outages [REF/US] US Cash oil products [PRO/U] US products outlook [US/PRO] ............... (Reporting by Bruce Nichols; Editing by Christian Wiessner)
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