UPDATE 9-U.S. crude soars to 16-mth high; discount to Brent under $2

... weeks of draws suggest that supplies seem to be tightening," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut. Brent's premium over U.S. crude was over $23 in February. Some traders said the price of U.S. crude could soon ...

http://www.reuters.com/article/2013/07/10/markets-oil-idUSL4N0FG11G20130710?type=companyNews&feedType=RSS&feedName=companyNews