U.S. Gulf Oil Premiums Fell 7 Cents

- December 19th, 2011

Bloomberg reported that U.S. Gulf oil premiums fell after the difference between West Texas Intermediate and Brent remained unchanged.

Bloomberg reported that U.S. Gulf oil premiums fell after the difference between West Texas Intermediate and Brent remained unchanged.

As quoted in the market news:

The spread between the two benchmark crude futures for February delivery decreased 7 cents to $9.53 a barrel at 2:35 p.m. in New York today. The differential has narrowed 66 percent since reaching a record of $27.88 a barrel Oct. 14.

Click here to read the full Bloomberg report.

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