U.S. Gulf Coast Oil Premiums Strengthened

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.