U.S. Gulf Coast Oil Premiums Strengthened

Oil and Gas Investing

Bloomberg reported that premiums for Gulf Coast crude oil gained.

Bloomberg reported that premiums for Gulf Coast crude oil gained.

As quoted in the market news:

The spread between the two crudes widened 53 cents to $11.01 a barrel at 12:37 p.m. New York time. When Brent increases versus WTI, it strengthens the value of low-sulfur U.S. grades that compete with West African oil price against the European benchmark

Click here to read the full Bloomberg report.

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