U.S. Gulf Oil Premiums Strengthen as WTI-Brent Spread Widens
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U.S. Gulf oil premiums strengthened as the difference between West Texas Intermediate and Brent widened.
The gap between the two benchmark crude futures for January delivery increased 61 cents to $9.97 a barrel. The spread has narrowed 64 percent since reaching a record of $27.88 a barrel Oct. 14.