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Diesel Cracks Follow Outright Crude Higher

OIL PRODUCTS

Diesel crack spreads tick higher as crude pushes up on easing sentiment of future economic risks.

  • US demand for fuels has trended lower in the last couple of weeks but falling pump prices may help to support summer driving season demand. Average US retail gasoline prices have eased back from over 5$/gal to about 4.6$/gal during the last month.
    • Brent SEP 22 up 2.3% at 101.4$/bbl
    • WTI AUG 22 up 2.1% at 97.76$/bbl
    • US gasoline crack down -0.2$/bbl at 37.18$/bbl
    • US ULSD crack up 0.9$/bbl at 58.72$/bbl
    • Gasoline-Brent up 0.2$/bbl at 25.79$/bbl
    • Gasoil-Brent up 0.6$/bbl at 43.27$/bbl

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