The Conversation (0)
Bloomberg reported that the premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils over the benchmark WTI widened to $1.29.
Bloomberg reported that the premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils over the benchmark WTI widened to $1.29.
As quoted in the market news:
Brent’s premium to WTI based on April futures contracts widened $1.29 to $16.70 a barrel. When Brent increases versus WTI, it strengthens the value of low-sulfur U.S. grades that compete with West African oil priced against the European benchmark.