Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Sweet Louisiana Oils Weaken as Brent-WTI Differential Narrows

Don't Miss Out —
Follow us on:

Dec. 28 (Bloomberg) -- Sweet Louisiana oils weakened after the premium for Brent crude oil versus West Texas Intermediate narrowed.

Brent’s premium to the U.S. benchmark shrank 13 cents to $19.80 a barrel at 2:36 p.m. in New York, lowering the price of imports tied to the global benchmark that compete with domestic crude.

Heavy Louisiana Sweet’s premium to benchmark WTI narrowed 25 cents to $18.75 a barrel at 3:34 p.m., according to data compiled by Bloomberg. Light Louisiana Sweet’s premium shrank 35 cents to $19.30 a barrel over WTI.

The premium for Mars Blend was unchanged at $14.50 above WTI. Poseidon was steady at $14.75 over the U.S. benchmark. Southern Green and Thunder Horse’s premiums to WTI were unchanged at $14.70 and $16.60 a barrel.

The discount for Western Canada Select for February delivery was unchanged at $33.10 a barrel, according to Net Energy Inc., a Calgary oil broker.

Syncrude for February delivery was unchanged at parity with WTI and Bakken oil was steady at a $4 discount to the U.S. benchmark, according to Net Energy.

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.