Sweet Louisiana Oils Weaken as WTI-Brent Gap at Eight-Month Low
Investing News Network - November 17th, 2011
Bloomberg reported that the premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils declined after West Texas Intermediate crude’s discount to Brent stayed at an eight- month low.
Bloomberg reported that the premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils declined after West Texas Intermediate crude’s discount to Brent stayed at an eight- month low.
As quoted in the market news:
The January WTI-Brent spread widened 1 cent to settle at $9.29 a barrel. The gap for the contracts nearest to expiration has narrowed by more than half since reaching a record of $27.88 a barrel Oct. 14.