U.S. Gulf Oil Premiums Strengthen as Brent-WTI Spread Widens

- September 15th, 2011

Bloomberg reported that U.S. Gulf crude premiums rose after U.S. benchmark West Texas Intermediate’s discount to Brent widened for a second day.

Bloomberg reported that U.S. Gulf crude premiums rose after U.S. benchmark West Texas Intermediate’s discount to Brent widened for a second day.

The market news is quoted as saying:

When Brent increases versus WTI, it strengthens the value of low-sulfur U.S. grades that compete with West African oil priced against the European benchmark.

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