Free Trial
Why MNI
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.
OIL PRODUCTS
Crack spreads resume the downward move on concerns for economic risks and the impact on future oil demand.
- The fall is once again led by diesel with the Gasoil-Brent spreads down 3$/bbl today. Gasoil-Brent has dropped from a peak at 59.73$/bbl on 23rd June down to just over 40$/bbl.
- The US EIA inventory report is due out this afternoon with data for two weeks to be published after the delays to last week’s report.
- US 321 crack down -1.2$/bbl at 50.39$/bbl
- US gasoline crack down -0.4$/bbl at 46.77$/bbl
- US ULSD crack down -2.9$/bbl at 57.62$/bbl
- Brent FCC margin down -2.4$/bbl at 19.05$/bbl
- Gasoline-Brent down -2.5$/bbl at 42.13$/bbl
- Gasoil-Brent down -3.1$/bbl at 40.37$/bbl
Source: BloombergWhy MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok