Gulf Coast Light-Heavy Crude Differential Reaches Two-Month High
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The spread between light and heavy crudes on the U.S. Gulf Coast widened to the highest level in two months.
Light Louisiana Sweet, the benchmark light crude on the Gulf, strengthened by $1.10 compared with Mexican Maya, the key heavy oil imported to the Gulf, to a $8.73-a-barrel premium at 4:07 p.m. in New York, according to data compiled by Bloomberg. It’s the highest level since April 3.