Free Trial

Cracks Down After Recent Gains

OIL PRODUCTS

Gasoline and diesel cracks slightly lower today after a week of gains on improved optimism for fuel demand.

  • US and European diesel inventories are still well below normal with limited spare refining capacity and reduced gasoil and gasoline output from Russia. US distillate inventories are 23% below the 5-year average and EU Gasoil ARA stocks are 41% below.
  • US 321 crack down -0.9$/bbl at 44.69$/bbl
  • US gasoline crack down -0.8$/bbl at 36.41$/bbl
  • US ULSD crack down -1.2$/bbl at 61.27$/bbl
  • Gasoline-Brent down -0.4$/bbl at 17.24$/bbl
  • Gasoil-Brent down -1.3$/bbl at 44.45$/bbl

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.