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Brent bounces between 120$/bbl and 121$/bbl

OIL

Crude falling back from earlier gains as Brent bounces between 120$/bbl and 121$/bbl. Libya supply disruption is offsetting concerns about global growth with high uncertainty over Chinese demand. Crude spreads remain relatively stable during the day

  • Brent AUG 22 down -1.6% at 120$/bbl
  • WTI JUL 22 down -1.7% at 118.58$/bbl
  • Gasoil JUL 22 down -1.8% at 1259.25$/mt
  • WTI-Brent down -0.06$/bbl at -4.03$/bbl
  • Brent AUG 22-SEP 22 up 0.02$/bbl at 3.01$/bbl
  • Brent DEC 22-DEC 23 down -0.86$/bbl at 14.33$/bbl
  • WTI JUL 22-AUG 22 up 0.05$/bbl at 2.6$/bbl
  • WTI DEC 22-DEC 23 down -0.87$/bbl at 14.92$/bbl

  • Oil product spreads are drifting down from highs seen last week
  • US 321 crack down -2.06$/bbl at 54.89$/bbl
  • Brent FCC margin down -0.56$/bbl at 23$/bbl

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