U.S. Gulf Coast Oil Premiums Surged

Business Week reported U.S. Gulf Coast oil premiums surged after the difference between West Texas Intermediate and Brent crude widened.

As quoted in the market news:

Brent’s premium over WTI, based on June futures prices, widened 31 cents to $15.16 a barrel at 1:02 p.m. in New York.s.

Click here to read the full Business Week report.