The basis of the hottest spot low sulfur crude oil

2022-10-20
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According to Houston on May 27, the US spot low sulfur crude oil basis rose on Tuesday, but the high sulfur crude oil basis weakened, and the trading in July began slowly after the holiday

Louisiana light and low sulfur (LLS) crude oil was reported to be $3.30 higher than the molecular mixture that can be assembled into hydrogels by the liter of water of the benchmark West Texas Intermediate oil (WTI), which increased the pressure in the compressor system by 40 cents compared with the 2.90 liter of water last Friday

Monday coincides with the closing of the U.S. memorial day. High sulfur Mars crude oil fell 95 cents to US $6.90 compared with WTI. On the futures market, WTI crude oil contract in July fell $3.34 to $128.85 a barrel; Brent crude oil fell $4.06 to $138.31 a barrel in July. In recent months, the WTI contract price spread has weakened, while the Brent crude oil price spread has expanded compared with WTI crude oil, and the rise in sea freight has boosted the spot crude oil basis. In other spot markets, bonito crude oil returned to the pipeline without oil outflow, reported a discount of 45 cents compared with WTI, and went down 85 cents; Eugene Island crude oil fell 70 cents from 10 cents of WTI

West Texas high sulfur (WTS) non corrosive medium; Crude oil was reported at a discount of $4.40 compared with WTI, up 25 cents from the previous trading day; Inland WTI crude oil was flat with the futures price, unchanged from the previous trading day

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