U.S. Gulf Oil Premiums Widened 79 Cents

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.