U.S. Gulf Coast Oil Premiums Gained 47 Cents

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.