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Crack Spread Higher Before EIA Data

OIL PRODUCTS

Crack spreads trading up on the day before the latest EIA data release.

Gasoline stocks are expected to fall by 1mbbl while distillate stocks are expected to build by 0.7mbbls. Both inventory levels, but especially distillate were still well below normal last week.

Crude has fallen back after an initial rally on the small OPEC+ production increase.

  • Brent OCT 22 down -0.4% at 100.16$/bbl
  • WTI SEP 22 down -0.4% at 94.02$/bbl
  • WTI-Brent down -0.1$/bbl at -7.18$/bbl
  • US 321 crack up 1.2$/bbl at 39.64$/bbl
  • US gasoline crack up 0.7$/bbl at 34.26$/bbl
  • US ULSD crack up 2.3$/bbl at 50.42$/bbl

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