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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