Steeper discounts likely needed to get US light sweet crude to market * Eagle Ford on USAC still at steep premium to Bakken, imported grades * Lower strike put options have seen activity rise * Delta hedging by market makers led to more prompt futures selling Many analysts have chalked up the recent weakness in prompt oil futures to a stronger dollar, weakening global demand and unabated supply length due to the US shale revolution. And even as some wonder if sustained lower prices will impact long-term North American production levels, others point out that US light sweet crudes will likely need further discounts if they are going to make it to the markets best suited to run these crudes. Further, producer and market maker hedging in both ICE and NYMEX crude options markets have also reinforced the drop. Article continues below… […]