(Bloomberg) -- Light Louisiana Sweet crude oil's
premium to the U.S. benchmark oil shrank to the smallest in nine
months today, according to data compiled by Bloomberg.
U.S. benchmark West Texas Intermediate crude oil, which
settled at parity with New York Mercantile Exchange futures,
soared to a record close of $78.21 a barrel on speculation that
demand will outpace supply as refiners increase fuel production.
Read more at Bloomberg Energy News
premium to the U.S. benchmark oil shrank to the smallest in nine
months today, according to data compiled by Bloomberg.
U.S. benchmark West Texas Intermediate crude oil, which
settled at parity with New York Mercantile Exchange futures,
soared to a record close of $78.21 a barrel on speculation that
demand will outpace supply as refiners increase fuel production.
Read more at Bloomberg Energy News
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