Free Trial

Crude and Gasoil Fall Back Amid Global Economic Concerns

OIL

Oil markets are falling as part of a wider energy market sell off with a stronger US dollar adding to the move.

  • Potential weaker oil demand growth in the US and China is weighing on the market with concern over the US debt ceiling and any possible default.
  • Crude and Gasoil futures and time spreads are all following the move lower.
    • Brent JUL 23 down -1.1% at 76.11$/bbl
    • WTI JUN 23 down -1.1% at 72.06$/bbl
    • Gasoil JUN 23 down -0.5% at 690.75$/mt
    • Brent JUL 23-AUG 23 down -0.05$/bbl at 0.1$/bbl
    • Brent DEC 23-DEC 24 down -0.19$/bbl at 2.72$/bbl
    • Gasoil JUN 23-JUL 23 down -1$/mt at 4$/mt
    • Gasoil DEC 23-DEC 24 down -0.5$/mt at 16.5$/mt

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.