The first US crude oil cargo destined for the Caribbean region has arrived at Bullen Bay, Curacao and was priced at a $3.96/b premium to the NYMEX light sweet crude oil futures contract, on a delivered basis, according to sources familiar with the negotiations. The cargo was delivered to the Isla Refinery and bought through a Citgo affiliate named LDC, sources said. Citgo is a subsidiary of Venezuela’s state-owned oil company PDVSA. A representative from Citgo was not immediately available for comment. The netback from the delivered value of that WTI crude cargo would place the FOB value at WTI plus $3.12/b, according to sources and Platts calculations.