Free Trial

Crude Regains Ground, Product Edge Up After EIA Data


Crude reverses some of the earlier decline after a drop in the crude stocks roughly in line with expectations while crack spreads are edging higher with a drop in gasoline and distillates stocks.

  • Gasoline and distillate implied demand both saw gains on the week with gasoline demand up to 9.6mbpd.
    • Brent SEP 23 down -1% at 75.85$/bbl
    • WTI AUG 23 down -1% at 71.08$/bbl
    • WTI-Brent down -0.04$/bbl at -4.72$/bbl
    • WTI AUG 23-SEP 23 up 0.05$/bbl at -0.04$/bbl
    • WTI DEC 23-DEC 24 down -0.06$/bbl at 3.24$/bbl
    • US gasoline crack up 0.2$/bbl at 34.23$/bbl
    • US ULSD crack down -0.1$/bbl at 32.93$/bbl

To read the full story



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.