US Cash Crude-Grades broadly rise as domestic crude, gasoline stocks fall

• ICE Brent September futures LCOc1 rose 22 cents to settle at $84.95 a barrel.
• WTI August crude CLc1 futures rose 26 cents to settle at $79.6 a barrel.
• The Brent/WTI spread narrowed 11 cents to last trade at minus $5.94, after hitting a high of minus $5.29 and a low of minus $6.57.

Meanwhile, the U.S. conducted a new wave of strikes against Iran's coastal defence systems and missile sites on Wednesday after reimposing a naval blockade of Iranian ports, while Iran threatened to shut off more regional energy exports.

• Light Louisiana Sweet for August delivery rose $1.60 to a midpoint of a $1.65 premium and was seen bid and offered between a $1.50 and $1.80 a barrel premium to U.S. crude futures CLc1.
• Mars Sour fell 1 cent to a midpoint of an 85-cent premium and was seen bid and offered between a 50-cent and $1.2 a barrel premium to U.S. crude futures CLc1.
• WTI Midland rose 5 cents to a midpoint of a 35-cent premium and was seen bid and offered between a 20-cent and 50-cent a barrel premium to U.S. crude futures CLc1.
• West Texas Sour was steady at a midpoint of a $2.95 discount and was seen bid and offered between a $3.15 and $2.75 a barrel discount to U.S. crude futures CLc1.
• WTI at East Houston, also known as MEH, traded between a 40-cent and 80-cent a barrel premium to U.S. crude futures CLc1.