Gulf Coast Crudes Strengthen in Light Trading as Contracts Roll

Domestic crudes strengthened against the benchmark West Texas Intermediate in light trading during the last day for May delivery.

Light Louisiana Sweet’s premium strengthened 75 cents to $11.75 a barrel over domestic benchmark West Texas Intermediate at 2:07 p.m. in New York, according to data compiled by Bloomberg. Heavy Louisiana Sweet gained 70 cents to $11.55 over WTI.

Poseidon’s premium gained 35 cents to $5.65. Southern Green Canyon strengthened by 10 cents to a $5.25 premium. Mars Blend strengthened 75 cents a barrel to $6.25 over the benchmark.

The premium for Thunder Horse, which has a lower sulfur content than Mars, Poseidon and Southern Green Canyon, was unchanged at $8.60 a barrel.

Premiums for Eugene Island crude and Bonito Sour were unchanged at $8.25 and $7.70 a barrel over WTI, respectively.

Bakken strengthened by 25 cents to a discount of $3.50 a barrel against WTI.

To contact the reporter on this story: Eliot Caroom in New York at ecaroom@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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