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Gulf Coast Crudes Strengthen in Light Trading as Contracts Roll

April 25 (Bloomberg) -- 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

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

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