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Free AccessMid-Day Oil Products Summary: Diesel Cracks Drift Lower
Diesel cracks are drifting lower today, but remain on track for a net weekly gain of over 1%, supported by recent US stock draws.
- US ULSD crack down 0.1$/bbl at 21.61$/bbl
- US gasoline crack up 0.5$/bbl at 21.35$/bbl
- US 321 crack up 0.3$/bbl at 21.44$/bbl
- ULSD SEP 24 down 2.2% at 2.33$/gal
- RBOB SEP 24 down 1.7% at 2.32$/gal
- India’s oil product sales fell in the first half of August compared to July levels, data from state-run Indian Oil and Bharat Petroleum and Hindustan Petroleum showed cited by Bloomberg.
- Independent oil refiners in Shandong raised run rates to the highest in four week at 50% of capacity in the week to Aug. 16, according to OilChem.
- Brazilian diesel buyers may have to lean towards USGC-origin ULSD amid some difficulties in finding barrels Russia, traders told Platts.
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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.