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Sweet Louisiana Oils Weaken as WTI-Brent Gap at Eight-Month Low
Nov. 17, 2011 02:32PM PST
Oil and Gas InvestingBloomberg 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.
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