U.S. Gulf crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region. , and plan to start bringing oil from Canada , North Dakota and West Texas by the end of the year. That’s likely to push Light Louisiana Sweet, the benchmark for low-density, low-sulfur oil on the Gulf Coast , below Dated Brent, according to Turner, Mason & Co. It’s been at a premium since Sept. 22. The U.S. the most oil since 1986 last month as producers use horizontal drilling and hydraulic fracturing to extract crude from underground shale rock. As LLS falls below Brent, shipments to the Gulf Coast, where more than half the U.S. refining capacity is located, become less attractive. Imports from countries other than Canada sank to the lowest level in 23 years in […]