Gulf Crudes Gain for Ninth Day in a Row as Brent Oil Strengthens
This article is for subscribers only.
Oils produced in the Gulf of Mexico strengthened for a ninth day as Brent crude surged to a nine-month high in London.
Light Louisiana Sweet oil advanced $1.35 to a $22.35 premium to U.S. benchmark West Texas Intermediate crude oil at 11:55 a.m. in New York, according to data compiled by Bloomberg. It was the longest streak of gains for the grade since July. Heavy Louisiana Sweet increased $1.30 to a premium of $22.45 a barrel.