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Cracks Fall Despite Crude Bounce

OIL PRODUCTS

Refined product cracks continue to fall today despite the bounce in outright crude markets.

  • Recession fears and the impact of high pump prices on demand are diving spreads down from record levels last month.
  • Brent SEP 22 up 1.7% at 104.54$/bbl
  • WTI AUG 22 up 1.1% at 100.64$/bb
  • US 321 crack down -2$/bbl at 42.33$/bbl
  • US gasoline crack down -2.4$/bbl at 38.93$/bbl
  • US ULSD crack down -1.2$/bbl at 49.12$/bbl
  • Brent FCC margin down -1.4$/bbl at 14.07$/bbl
  • Gasoline-Brent down -1.9$/bbl at 29.7$/bbl
  • Gasoil-Brent down -2.9$/bbl at 35.56$/bbl

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