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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.
OIL PRODUCTS
- Wider market concerns over demand caused a fall in both gasoline and diesel yesterday but spreads have stabilised or even ticked back up this morning as supply issues are once again in focus. Over the last couple of days US gasoline crack fell from a peak of 58.8$/bbl down to 47.6$/bbl and US diesel crack from 67.2$/bbl to 57.9$/bbl.
- Further disruption to Libyan crude supplies is helping push oil prices higher and the expectation of draws in the weekly EIA stock data will keep markets tight.
- US 321 crack up 0.88$/bbl at 52.26$/bbl
- US gasoline crack up 0.95$/bbl at 48.66$/bbl
- US ULSD crack up 0.73$/bbl at 59.45$/bbl
- Brent FCC margin up 0.01$/bbl at 21.02$/bbl
- Gasoline-Brent up 0.55$/bbl at 40.98$/bbl
- Gasoil-Brent up 0.31$/bbl at 43.06$/bbl
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.
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