Free Trial

Citi Flag Potential For Tactical Downside

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Crude Higher but Gasoil Still Negative


Crude outright and spreads higher following stronger than expected US payrolls data but Gasoil still trading lower

  • The Gasoil Dec22-Dec23 earlier reached the lowest since mid April at 80$/mt
  • The prompt Gasoil spreads is drifting towards the bottom end of the range and nearing the low from earlier in the week.
  • Gasoil spreads and crude spreads have been drifting lower in recent weeks as some supply tightness has eased amid a picture of lower oil demand concerns.
  • Crude spreads were already recovering today but are even stronger following payrolls data.
    • Brent OCT 22 up 2% at 95.99$/bbl
    • WTI SEP 22 up 1.9% at 90.25$/bbl
    • Brent OCT 22-NOV 22 up 0.13$/bbl at 1.75$/bbl
    • Brent DEC 22-DEC 23 up 0.8$/bbl at 7.92$/bbl
    • Gasoil AUG 22 down -1.5% at 993.5$/mt
    • Gasoil AUG 22-SEP 22 down -6.25$/mt at 12.75$/mt
    • Gasoil DEC 22-DEC 23 down -11.5$/mt at 88.5$/mt

To read the full story

Why Subscribe to


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.