Grades were mixed on Friday, dealers said, with the U.S. rig count rising while refinery demand was set to fall.
U.S. energy firms had the biggest weekly increase in rigs since June 2022, energy services firm Baker Hughes said.
The company said oil rigs climbed by seven to 440 this week, their highest since June 2025.
U.S. oil refiners are expected to have about 476,000 barrels per day (bpd) of capacity offline for the week ending June 26, decreasing available refining capacity by 219,000 bpd, research company IIR Energy said on Friday.
Offline capacity is expected to decrease to 274,000 bpd in the week ending July 3 and further to 160,000 bpd in the subsequent week, IIR added.
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Light Louisiana Sweet for August delivery fell 50 cents to a midpoint of a $1.25 premium and was seen bid and offered between a $1.15 and $1.35 a barrel premium to U.S. crude futures CL1!
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Mars Sour fell 10 cents to a midpoint of a 85-cent discount and was seen bid and offered between a 95-cent and 75-cent a barrel discount to U.S. crude futures CL1!
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WTI Midland rose 35 cents to a midpoint of a 15-cent discount and was seen bid and offered between a 25-cent and 5-cent a barrel discount to U.S. crude futures CL1!
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West Texas Sour fell $2.20 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 CL1!
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WTI at East Houston, also known as MEH, traded between a 10-cent and 30-cent a barrel premium to U.S. crude futures CL1!
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ICE Brent August futures BRN1! remained unchanged at $71.99 a barrel
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WTI August crude CL1! futures fell $2.69 to settle at $69.23 a barrel
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The Brent/WTI spread traded between a high of minus $2.62 and a low of minus $3.43