Southern Green Canyon Sinks to Biggest Discount Since 2010Eliot Caroom
Southern Green Canyon crude slipped to its biggest discount against West Texas Intermediate in more than two years.
The Gulf Coast-produced crude weakened 35 cents to $1.10 a barrel under WTI at 2:16 p.m. New York time, the biggest discount since Dec. 29, 2010, according to data compiled by Bloomberg.
Light Louisiana Sweet dropped 10 cents to a premium of $5.75 a barrel. Heavy Louisiana Sweet fell 5 cents to a premium of $5.30 over WTI.
Mars Blend dropped 15 cents to a 5-cent-a-barrel premium over WTI, while Poseidon rose 60 cents to a discount of 70 cents. The premium for Thunder Horse, which has a lower sulfur content than Mars and Poseidon, gained 15 cents to $3.40 a barrel.