Sweet Louisiana Oils Weaken as WTI-Brent Gap at Eight-Month Low
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The premiums for Light Louisiana Sweet and Heavy Louisiana Sweet oils weakened as West Texas Intermediate crude’s discount to Brent remained near an eight-month low.
The January WTI-Brent spread widened 1 cent to settle at $9.29 a barrel. The gap for the contracts nearest to expiration has narrowed by more than half since reaching a record of $27.88 a barrel Oct. 14.