US Cash Crude-Mars bounces off one-year lows
Sept 19 (Reuters) -U.S. coastal cash crude Mars strengthened on Thursday, dealers said, bouncing off a near one-year low, dealers said.
Mars Sour gained 25 cents to a $2,75 premium to U.S. crude prices, after touching a $2.30 discount, its lowest in nearly a year.
Production from Chevron's CVX.N newest deepwater Anchor platform will likely flow on Amberjack and Mars pipelines, with the Pascagoula refinery, as well as refineries in St. James set to benefit, East Daley analysts wrote in a note.
Meanwhile, the spread between U.S. Werst Texas Intermediate crude and Brent narrowed 6 cents to settle at minus $3.71, the lowest since July.
A spread below minus $4 discourages exports of US crude.
Weak buying from refiners as they head into fall maintenance is expected to weigh on crude demand.
* Light Louisiana Sweet WTC-LLS for October delivery gained 75 cents at a midpoint of a $1.90 premium and was seen bid and offered between a $1.50 and $2.30 a barrel premium to U.S. crude futures CLc1
* Mars Sour WTC-MRS gained 25 cents at a midpoint of a $2.05 discount and was seen bid and offered between a $2.30 and $1.80 a barrel discount to U.S. crude futures CLc1
* WTI Midland WTC-WTM fell 5 cents at a midpoint of a 50-cent premium and was seen bid and offered between a 25-cent and 75-cent a barrel premium to U.S. crude futures CLc1
* West Texas Sour WTC-WTS fell 10 cents at a midpoint of a 40-cent discount and was seen bid and offered between a 60-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 $1.00 and $1.30 a barrel premium to U.S. crude futures CLc1
* ICE Brent November futures LCOc1 rose $1.23 to settle at $74.88 a barrel on Thursday .
* WTI October crude CLc1 futures rose $1.04 to settle at $71.95 a barrel on Thursday.
* The Brent/WTI spread WTCLc1-LCOc1 narrowed 6 cents to minus $3.71, after hitting a high of minus $3.63 and a low of minus $3.78.
Reporting by Arathy Somasekhar in Houston; Editing by David Gregorio
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