June 1, 2022 – Reuters
U.S. light, heavy oil-price spreads widen as gasoline demand grows
By Arathy Somasekhar
Gasoline-friendly light sweet WTI Midland priced at East Houston, called MEH, has averaged a $1.40 per barrel premium to U.S. West Texas Intermediate (WTI), compared with a 96-cent premium in the year-ago period, as exports to Europe climbed.
The spread between Midland and heavy Western Canadian Select (WCS), priced in Houston, widened to about $12 a barrel by late May from around $8 at the start of April, data from consultancy RBN Energy showed.