Gulf crude strengthens as U.S. inventories projected to rise

HOUSTON (Bloomberg) -- Light Louisiana Sweet strengthened relative to West Texas Intermediate as U.S. oil inventories were projected to rise to a three-month high, sending futures for the U.S. benchmark to the lowest level since June. LLS, the light, sweet benchmark on the Gulf Coast, strengthened by 50 cents to a premium of $2.50 a barrel to WTI at 3:50 p.m., according to data compiled by Bloomberg. It’s the highest level since Oct. 14.


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