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Crude Extends Decline below 100$/bbl

OIL

Crude extends losses with Brent having broken 100$/bbl and WTI down to May 11 low support level.

  • Time spreads and crack spreads are also drifting lower, but moves are far more muted than for the outright futures.
  • Brent SEP 22 down -3.3% at 99.33$/bbl
  • WTI AUG 22 down -3.6% at 95.92$/bbl
  • Gasoil JUL 22 down -6% at 1084.5$/mt
  • WTI-Brent down -0.16$/bbl at -6.37$/bbl
  • Brent SEP 22-OCT 22 down -0.07$/bbl at 3.71$/bbl
  • Brent DEC 22-DEC 23 down -0.96$/bbl at 9.63$/bbl
  • US gasoline crack down -0.4$/bbl at 40.93$/bbl
  • US ULSD crack down -1$/bbl at 49.35$/bbl

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