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Gulf Coast Crude Oil Grades Dropped Against Benchmark WTI
May. 24, 2012 10:52PM PST
Oil and Gas InvestingBloomberg reported that 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.
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