Louisiana Light Sweet shines despite rival crudes

摘要

Houston—The price of Louisiana Light Sweet crude is unexpectedly strong, regaining a premium this month to the North Sea Benchmark Brent, though competing crudes are steadily flowing from Cushing, Oklahoma, to the US Gulf Coast. The pricing trend goes against some analysts’ expectations that a recent influx of comparable crude grades to LLS would cause the value of the light sweet benchmark to drop.