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Gasoline and Diesel Crack Spreads Rally

OIL PRODUCTS

Gasoline and Diesel crack spreads rally ahead of EIA data.

  • The expectation is for the EIA to report a -1.0m draw in crude and only small changes in gasoline and distillate stocks and therefore expected to offer little relief for the tight product markets.
  • US 321 crack up 1.5$/bbl at 42.16$/bbl
  • US gasoline crack up 1$/bbl at 35.83$/bbl
  • US ULSD crack up 2.4$/bbl at 54.82$/bbl
  • Brent FCC margin up 1.3$/bbl at 13.08$/bbl
  • Gasoline-Brent up 1.3$/bbl at 25.05$/bbl
  • Gasoil-Brent up 1.4$/bbl at 37.56$/bbl

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