U.S. Gulf Coast Oil Premiums Gained 47 Cents

Mar. 23, 2012 03:57PM PST

Bloomberg reported U.S. Gulf Coast oil premiums gained 47 cents after gap between West Texas Intermediate and Brent crudes widened.

As quoted in the market news:

Light Louisiana Sweet’s (USCSLLSS) premium to WTI widened $1.15 to $24.25 a barrel over the U.S. benchmark at 2:12 p.m. in New York, according to data compiled by Bloomberg. Heavy Louisiana Sweet (USCSHLSE)’s premium gained 80 cents to $23.25 a barrel.

Click here to read the full Bloomberg report.