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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.
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