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Diesel Cracks Retrace Losses From Last Week

OIL

Crude oil bouncing with Brent between about 104.5$/bbl and 106.5$/bbl driven down by concerns for Chinese oil demand amid rising covid case numbers.

  • Gasoline spreads have remained unchanged today but US and European diesel cracks have both jumped up 5$/bbl this morning.
  • Brent SEP 22 down -1.8% at 105.07$/bbl
  • WTI AUG 22 down -2.2% at 102.51$/bbl
  • US gasoline crack up 1$/bbl at 41.07$/bbl
  • US ULSD crack up 5.9$/bbl at 55.2$/bbl
  • Gasoline-Brent up 0.7$/bbl at 32.14$/bbl
  • Gasoil-Brent up 4.7$/bbl at 40.39$/bbl

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