Brent’s Premium to WTI Widened $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.

Click here to read the full Bloomberg report.