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Bakken Crude Weakens Against WTI for First Time in Eight Days

June 13 (Bloomberg) -- Crude from the Bakken shale formation weakened for the first time in eight days against U.S. benchmark West Texas Intermediate.

Bakken fell $1 a barrel to a premium of $2.50 a barrel over WTI at 1:50 p.m. New York time, according to data compiled by Bloomberg. It had risen $8.50 a barrel since June 3, swinging from a $5 discount to a $3.50 premium.

Oils produced in the Gulf Coast weakened against WTI. Heavy Louisiana Sweet shrank by 50 cents a barrel to a premium of $9.25 a barrel over WTI, and Light Louisiana Sweet gained 10 cents to a $9.25 premium.

Southern Green Canyon lost 25 cents a barrel to a $1.75 premium over WTI.

Poseidon’s premium fell 35 cents to $2.25 a barrel and Mars Blend fell 40 cents to $2.90 over WTI. Thunder Horse slipped 20 cents to a premium of $5.85.

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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