U.S. Gulf Coast Oils Rose to $8.21
Investing News Network - December 28th, 2011
Bloomberg reported that U.S. Gulf oils strengthened after WTI widened its discount to Brent crude oil.
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.