US Spot Crude: Oil Blends Differentials Mixed; Oil Futures Drop
Published: Feb 28, 2012
HOUSTON (Dow Jones)--Premiums for April delivery of Gulf Coast crude were mixed Tuesday as oil futures dropped.
Light, sweet crude for April delivery settled $2.01, or 1.9%, lower at $106.55 barrel on the New York Mercantile Exchange. April Brent crude on the ICE futures exchange settled down $2.62, or 2.1%, at $121.55 a barrel.
Light Louisiana Sweet crude deals were done at $16.60 and $16.75 over West Texas Intermediate crude, down 25 cents from Monday.
Deals for Heavy Louisiana Sweet crude were done at a premium of $19.40, up 90 cents.
Mars crude traded at plus $12.15 and plus $12.75, down 30 cents. Mars crude for May delivery traded plus $12.
Bonito crude traded at plus $14.50.
West Texas Sour crude traded at minus $3.
Thunderhorse crude traded at plus $16.15 and plus $16.40, up 40 cents.
(US spot crude price table is available on page 8819.)
-By Isabel Ordonez, Dow Jones Newswires; 713-547-9207; firstname.lastname@example.org