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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

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