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Cracks Push Higher as US Imports Fall

OIL PRODUCTS

US imports of European gasoline fell 20% to 370kbpd from 461kbpd the previous week according to Bloomberg ship tracking data. Last week was the highest since the week ending 25th Nov.

  • The largest volume of diesel since early March of 354.5kbbl arrived in Savannah, Georgia.
  • US 321 crack continues higher this morning, up 1.9$/bbl to 50.5$/bbl and European Brent FCC margin up 1.95$/bbl to 21.80$/bbl

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