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Crude Rallies on Weaker US Dollar Following US Jobs Data

OIL

Crude rallies as US dollar reverses direction and declines following the US nonfarm payrolls data.

  • Crude time spreads and oil product cracks spreads remain largely unchanged.
    • Brent MAR 23 up 2.2% at 80.41$/bbl
    • WTI FEB 23 up 2.1% at 75.23$/bbl
    • Brent MAR 23-APR 23 unchanged at -0.13$/bbl
    • Brent JUN 23-DEC 23 up 0.09$/bbl at 1.84$/bbl
    • US gasoline crack up 0.2$/bbl at 21.72$/bbl
    • US ULSD crack down -0.1$/bbl at 51.17$/bbl

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