U.S. Gulf Crude Premiums Rose as WTI-Brent Gap Widens by 85 Cents

Bloomberg reported that U.S. Gulf Coast oil premiums rose after difference between West Texas Intermediate and Brent crude widened by 85 cents.

As quoted in the market news:

Brent’s premium over WTI, based on May futures contracts, widened by 85 cents to $17.78 a barrel at 2:27 p.m. in New York.

Click here to read the full Bloomberg report.