Heavy Louisiana Sweet Crude Gains Versus West Texas Intermediate
Heavy Louisiana Sweet strengthened against West Texas Intermediate while other oils produced on the U.S. Gulf Coast were mixed versus the benchmark.
The grade’s premium to WTI rose 60 cents to $6.10 a barrel over WTI at 3:39 p.m. New York time, according to data compiled by Bloomberg. Light Louisiana Sweet dropped 5 cents to $6.30 a barrel.
Mars Blend gained 45 cents to a 35-cent-a-barrel premium over WTI, while Poseidon rose 5 cents to a discount of 75 cents. The premium for Thunder Horse, which has a lower sulfur content than Mars and Poseidon, narrowed 20 cents to $3.30 a barrel.
In Canada, Western Canada Select weakened 10 cents to a $16.10-a-barrel discount to WTI at 10:50 a.m. mountain time, according to Calgary-based Net Energy, Inc. Syncrude, a light oil produced from oil-sands upgraders, weakened by 25 cents to a premium of $2.75 a barrel.
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