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Bloomberg reported that U.S. Gulf Coast oils increased their premiums in comparison to West Texas Intermediate futures.
Bloomberg reported that U.S. Gulf Coast oils increased their premiums in comparison to West Texas Intermediate futures.
As quoted in the market news:
Heavy Louisiana Sweet’s premium to WTI increased $1.75 to $14 at 3:55 p.m. on the New York Mercantile Exchange, according to data compiled by Bloomberg. Light Louisiana Sweet oil’s premium to WTI increased 85 cents to $11.85.