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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
Bull trend in refined products takes US 321 crack spread to fresh highs once again. The approximate measure for the typical US refining product yield is up 1.25$/bbl today to 62.2$/bbl.
- Both gasoline and diesel markets are pushing higher with gasoline hitting new highs and diesel heading back towards levels last seen at the start of May. EIA last week showed East Coast distillate at record lows and gasoline Central East Coast stocks in the Central East Coast the lowest since 2017.
- US 321 crack up 0.92$/bbl at 61.91$/bbl
- US gasoline crack up 0.76$/bbl at 61.39$/bbl
- US ULSD crack up 1.26$/bbl at 62.95$/bbl
- Brent FCC margin up 0.48$/bbl at 26.26$/bbl
- Gasoline-Brent up 0.43$/bbl at 48.42$/bbl
- Gasoil-Brent up 2.47$/bbl at 45.19$/bbl
Source: Bloomberg
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.
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