U.S. crude imports may drop from last week’s two-month high as prices on the Gulf Coast , home to 51 percent of refining capacity, slipped below Brent. Imports climbed 337,000 barrels a day in the week ended July 25, the Energy Information Administration reported today. Light Louisiana Sweet crude on the Gulf traded below Brent, benchmark for half of global oil trade, for a fourth day, according to data compiled by Bloomberg. LLS surged $4.52 a barrel above Brent on July 23, the biggest premium in one year, as strong refinery demand depleted crude inventories in the Gulf region. For the past year, the grade averaged $4.26 cheaper than Brent. Refineries slowed their operation last week amid rising fuel inventories. “This is a short-term reaction,” said James Williams , an economist at WTRG Economics, an energy research firm in London , Arkansas . “But it’s not going to hold. […]