BOSTIC: IF INFLATION REACCELERATES, HAVE TO CONSIDER HIKES

MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

JAPAN MARCH SERVICES PRICES +2.1% Y/Y; FEB +2.2%

MNI JAPAN MARCH CORE CPI +2.6% Y/Y; FEB +2.8%

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Another Volatile Day for Diesel Cracks

OIL PRODUCTS

The Gasoil-Brent spread has traded in a near 4$/bbl range today. Prices fell off this morning as the economic fears continued to push prices down to 40$/bbl but with supply so tight levels have recovered back near to flat on the day. The US ULSD spread has followed a very similar trend.

  • Moves in gasoline cracks spreads have been far more muted with prices slowly drifting during the day.
  • The US 321 crack spread is currently near to the trading level from the start of June.
  • US 321 crack up 0.3$/bbl at 51.94$/bbl
  • US gasoline crack up 0.5$/bbl at 47.71$/bbl
  • US ULSD crack down -0.1$/bbl at 60.39$/bbl
  • Brent FCC margin down -1.6$/bbl at 19.77$/bbl
  • Gasoline-Brent down -1.9$/bbl at 42.77$/bbl
  • Gasoil-Brent down -0.5$/bbl at 43.04$/bbl
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.