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    market news

    U.S. Gulf Oil Premiums Widened 79 Cents

    Investing News Network
    Jan. 12, 2012 08:10PM PST
    Oil and Gas Investing

    Bloomberg reported that U.S. Gulf Coast oil premiums widened 79 cents to $12.16 a barrel.

    Bloomberg reported that U.S. Gulf Coast oil premiums widened 79 cents to $12.16 a barrel.

    As quoted in the market news:

    The spread widened 79 cents to $12.16 a barrel based on settlement prices. 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.

    Click here to read the full Bloomberg report.

    market newswest african oil
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    U.S. Gulf Oil Premiums Strengthen as Brent-WTI Spread Widens

    U.S. Gulf Coast Oils Declined

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