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18/06/2011 00:00 AST
Premiere U.S. Gulf crude Light Louisiana Sweet has slumped to a rare discount versus Europe's Brent, a shift that suggests strength in the North Sea market is driving a blow-out in the Brent/WTI spread.
Light Louisiana Sweet, a waterborne U.S. crude priced against West Texas Intermediate crude futures but with Brent-like physical qualities, was now lower in price than Brent, despite differentials holding near a record $19 a barrel, traders said.
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Financial Post
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 72.16 | 0.16 | 0.22 |
| WTI | 68.28 | 0.21 | 0.31 |
| OPEC Basket | 74.25 | 1.12 | 1.53 |
28/03/2025
Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a tightening global supply outlook after the US imposed tariffs against countries buying oil
Reuters
27/03/2025
Oil prices edged higher on Wednesday on supply concerns with the US stepping up efforts to limit Venezuelan and Iranian oil exports, while a bigger-than-expected drop in US crude inventories also len
Reuters
25/03/2025
Oil prices slipped on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
B
Reuters
22/03/2025
Oil prices rose on Friday and were heading for a second consecutive weekly gain as fresh US sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter s
Reuters
21/03/2025
Opec+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping above agreed levels, which will more than overtake the monthly production hi
Khaleej Times
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