Bloomberg News

Brent Oil Settles at Record Premium to New York Crude Futures

October 13, 2011

Oct. 13 (Bloomberg) -- Brent oil futures settled at a record premium of $26.88 a barrel above the price of New York- traded West Texas Intermediate crude today, breaching the previous high of $26.87 a barrel on Sept. 6.

The record is based on the settlement prices of the oil futures contracts closest to expiration on London’s ICE Futures Europe exchange and the New York Mercantile Exchange.

--Editor: Richard Stubbe

-0- Oct/13/2011 19:01 GMT

-0- Oct/13/2011 19:02 GMT

To contact the reporter on this story: Margot Habiby in Dallas at

To contact the editor responsible for this story: Dan Stets at -0- Oct/13/2011 18:59 GMT

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