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Gasoline and Diesel Spreads Pull Back

OIL PRODUCTS

Gasoline and Diesel Spreads pull back ahead of the API and EIA inventory data.

  • Diesel crack spreads have lost most of the gains seen yesterday but gasoline has fallen further and back to levels from mid last week.
  • The expectation is for builds in the gasoline and distillate stock data this week with refineries running at high utilization rates which would help ease some of the pressure on prices.
  • US 321 crack down -4.64$/bbl at 55.86$/bbl
  • US gasoline crack down -5.8$/bbl at 52.63$/bbl
  • US ULSD crack down -2.34$/bbl at 62.3$/bbl
  • Brent FCC margin down -2.14$/bbl at 23.06$/bbl
  • Gasoline-Brent down -2.91$/bbl at 40.23$/bbl
  • Gasoil-Brent down -1.15$/bbl at 46.06$/bbl

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