Americas Crude:USG sweets gather strength

摘要

US Guif sweet differentials strengthened in early trade as the front/back spread moved into contango for a short period helping to draw out buying interest.The narrowing of the Brent/WTI spreads also helped to firm up domestic crudes.Light Louisiana Sweet traded numerous times at a 1.70/barrel premium,starting the day at 1.60/b and trading at an intra-day high of 1.80/b.LLS closed the day pegged at 1.60/b at 1.80/b.