Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Gulf Coast Crude Premiums Weaken as WTI-Brent Gap Narrows

June 29 (Bloomberg) -- U.S. Gulf Coast crude premiums weakened as the discount for West Texas Intermediate versus Brent crude narrowed.

The gap between WTI and Brent decreased by 83 cents to $12.84 based on settlement prices. When Brent falls versus WTI, it typically weakens the value of U.S. grades that compete foreign oils priced against the European benchmark.

Heavy Louisiana Sweet’s premium to WTI narrowed 20 cents to $14.10 a barrel at 4:16 p.m. in New York, according to data compiled by Bloomberg. Light Louisiana Sweet’s premium was unchanged at $12.

Poseidon’s premium to WTI lost 35 cents to $7.40 a barrel. Southern Green Canyon’s premium narrowed 15 cents a barrel to $7.20. Mars Blend lost 15 cents to $8.65 a barrel over WTI.

Thunder Horse, a sour crude with lower sulfur content than Mars, Poseidon and Southern Green Canyon, decreased 50 cents to $11 a barrel over WTI.

Western Canada Select’s discount narrowed $1 to $27 a barrel. Syncrude was unchanged at $5.50 below WTI. Syncrude is a synthetic oil upgraded from tarlike bitumen in Alberta into refinery-ready crude.

Bakken oil was steady at $14 below WTI.

To contact the reporter on this story: Aaron Clark in New York at

To contact the editor responsible for this story: Dan Stets at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.