U.S. Gulf Oil Premiums Fell 7 Cents

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.