Heavy Oil Investing News » Heavy Louisiana Sweet Dropped 35 Cents to $12.15

Heavy Louisiana Sweet Dropped 35 Cents to $12.15

January 24, 2012 @ 4:39 pm In Heavy Oil Market News

Bloomberg reported that U.S. Gulf Coast oil premiums wavered after premium of Brent to WTI dropped 12 cents to $10.88.

As quoted in the market news:

In the U.S. Gulf Coast, Light Louisiana Sweet's premium to WTI gained 50 cents to $11 a barrel at 11:51 a.m. Heavy Louisiana Sweet decreased 35 cents to $12.15 over the U.S. benchmark.

Click here to read the full Bloomberg report. ^[1]

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[1] Click here to read the full Bloomberg report.: http://www.businessweek.com/news/2012-01-24/u-s-gulf-coast-oils-fluctuate-amid-little-changed-wti-brent-gap.html