U.S. Gulf Coast Oils Rose to $8.21

Bloomberg reported that U.S. Gulf oils strengthened after WTI widened its discount to Brent crude oil.

As quoted in the market news:

The spread between February-delivery futures for the U.S. benchmark and Brent, the basis for European and West African crudes, rose to $8.21 a barrel at 2:23 p.m. in New York from $7.93 yesterday.

Click here to read the full Bloomberg report.