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Crude Losing Ground from Previous Gains

OIL

Crude losing gains from previous couple of days as it trades down over 3% on the day

  • The front time spreads are not following the move and maintaining recent high levels.
  • WTI continues to fall faster than Brent with the spread approaching -7$/bbl.
  • Brent SEP 22 down -3.4% at 109.64$/bbl
  • WTI AUG 22 down -2.4% at 105.86$/bbl
  • Gasoil JUL 22 down -3.3% at 1197.5$/mt
  • WTI-Brent down -0.54$/bbl at -6.86$/bbl
  • Brent SEP 22-OCT 22 up 0.01$/bbl at 4.05$/bbl
  • Brent DEC 22-DEC 23 down -0.74$/bbl at 12.12$/bbl

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