Louisiana Sweet Oil Premiums Declines

Bloomberg reported that the premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils declined after the gap between U.S. benchmark WTI and Brent narrowed.

As quoted in the market news:

Light Louisiana Sweet’s premium to WTI decreased 10 cents to $10.55 a barrel at 12:06 p.m. in New York, according to data compiled by Bloomberg. Heavy Louisiana Sweet’s premium narrowed 15 cents to $11.

Click here to read the full Bloomberg report.