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

Light Louisiana Sweet Oil Weakens After WTI-Brent Spread Narrows

Oct. 14 (Bloomberg) -- Light Louisiana Sweet and other Gulf of Mexico crudes weakened amid heavy refinery maintenance in the Gulf Coast region and as the WTI-Brent spread narrowed for the first time in six days.

LLS, the light, sweet benchmark on the Gulf Coast, weakened by 70 cents to a premium of $2.50 a barrel more than WTI at 3:59 p.m., according to data compiled by Bloomberg.

The grade weakened as Brent, the European benchmark, narrowed its premium to WTI. LLS and other Gulf crudes compete with foreign oils prices against Brent for space in coastal refineries.

WTI’s discount to Brent narrowed by 63 cents to $8.63 a barrel on optimism that a deal will be reached to lift the U.S. debt ceiling.

LLS also weakened as refineries in Louisiana and Texas with a combined capacity of 2.3 million barrels a day are undergoing maintenance during October, according to data compiled by Bloomberg.

Heavy Louisiana Sweet oil weakened by 40 cents to a premium of $2.60 a barrel. Thunder Horse crude weakened by $1 to a 50-cent premium.

Mars Blend weakened by 80 cents to a discount of $2.50 a barrel. Poseidon crude weakened by $1.05 to a discount of $3.35. Southern Green Canyon weakened by $1 to $5.50 a barrel less than WTI.

To contact the reporter on this story: Dan Murtaugh in Houston 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.