US Cash Crude-Grades mixed as hurricane disrupts Gulf of Mexico output, onshore rig count up

Baker Hughes

09/10/2026 22:04

HOUSTON, Oct 9 (Reuters) - Grades were mixed on Friday, dealers said, as a hurricane barreled toward the coast and producers shut in some offshore production, while the domestic rig count climbed to its highest in more than a year. 
US producers in the Gulf of Mexico shut in about 1.5 million barrels per day of oil production and 1.3 billion cubic feet per day of natural gas, an increase from the prior day, as Hurricane Isaias churned toward the coast ahead of an expected landfall along the Florida Panhandle later on Friday.
The shut-ins represent nearly 72% and 59% of US oil and natural gas production in the Gulf, respectively, according to the Marine Minerals Administration.
Baker Hughes said oil rigs rose by six to 462 this week, their highest since May 2025, while gas rigs fell by one to 132, their lowest since mid-September, and other miscellaneous rigs held at nine. RIG/U
In the Permian Shale in West Texas and eastern New Mexico, the rig count rose by four to 274, the highest since June 2025.
Meanwhile, US President Donald Trump said on Friday that Russia had agreed to immediately supply over 300,000 tons of diesel fuel to the American and global marketplace after what Trump described as a "highly successful" discussion with Russian President Vladimir Putin. 
        
Light Louisiana Sweet WTC-LLS for November delivery was steady at a midpoint of a $2.63 premium and was seen bid and offered between a $2.25 and $3.00 a barrel premium to U.S. crude futures CLc1 ​
Mars Sour WTC-MRS fell 35 cents to a midpoint of a $2.50 premium and was seen bid and offered between a $2.40 and $2.6 a barrel premium to U.S. crude futures CLc1 ​
  WTI Midland  WTC-WTM fell 10 cents to a midpoint of a 50-cent premium and was seen bid and offered between a 40-cent and 60-cent a barrel premium to U.S. crude futures CLc1 ​
West Texas Sour WTC-WTS  rose 25 cents to a midpoint of a $2.15 discount and was seen bid and offered between a $2.25 and $2.05 a barrel discount to U.S. crude futures CLc1 ​     
WTI at East Houston WTC-MEH, also known as MEH, traded between a 80-cent and $1.00 a barrel premium to U.S. crude futures CLc1 ​
ICE Brent December futures LCOc1 rose 44 cents to settle at $104.72 a barrel on Friday​.
WTI November crude CLc1 futures rose 36 cents to settle at $91.85 a barrel on Friday​.
The Brent/WTI spread WTCLc1-LCOc1 widened 2 cents to  to last trade at minus $13.55, after hitting a high of minus $12.85 and a low of  minus $13.93.

 (Reporting by Georgina McCartney; Editing by David Gregorio)
 ((georgina.mccartney@thomsonreuters.com))