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Crack Spreads Stable Despite Fall in Crude

OIL PRODUCTS

Tight supply and low inventories are supporting refined product cracks despite the fall in crude due to oil demand concerns. US and European gasoline spreads drifted down this morning but have not followed the fall since while diesel has remained stable throughout the day.

  • US 321 crack down -0.5$/bbl at 45.41$/bbl
  • US gasoline crack down -0.9$/bbl at 40.64$/bbl
  • US ULSD crack up 0.3$/bbl at 54.96$/bbl
  • Brent FCC margin up 0.2$/bbl at 16.77$/bbl
  • Gasoline-Brent down -1.4$/bbl at 31.75$/bbl
  • Gasoil-Brent up 0.6$/bbl at 40.28$/bbl

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