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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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Free AccessMNI China Daily Summary: Wednesday, December 11
Gasoline Cracks Pull Back from Previous Gains
Gasoline cracks are pulling back to reverse some of the recovery seen earlier this week. The Apr US gasoline crack is down from around 36$/bbl at the end of Jan to 32.9$/bbl but still above the lows around 31$/bbl seen on 17 Feb.
- Weak demand and healthy supplies are weighing on prices despite the strong US refinery maintenance season and ongoing concern for Russia product outputs. Russian oil output has maintained stronger than expected so far following on from EU and G7 sanctions which came in to effect on 5 Dec for crude and 5 Feb for products.
- US gasoline crack down -1.2$/bbl at 33.05$/bbl
- US ULSD crack down -0.3$/bbl at 40$/bbl
- EU Gasoline-Brent down -1.3$/bbl at 11.36$/bbl
- EU Gasoil-Brent up 0$/bbl at 25.32$/bbl
To read the full story
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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.