Gulf Coast Crude Oil Grades Dropped Against Benchmark WTI

Bloomberg reported that Gulf Coast crude oil grades dropped against benchmark WTI.

As quoted in the market news:

Heavy Louisiana Sweet’s premium to WTI dipped $3.50 to $11.50 a barrel at 2:02 p.m. New York time, according to data compiled by Bloomberg. That’s the lowest level since January. Light Louisiana Sweet’s premium dropped $2.75 cents to $10.

Click here to read the full Bloomberg report.