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Oil Cracks Recover Previous Losses

OIL PRODUCTS

Oil products bounce back strongly after falling over the last couple of days.

  • The US 321 crack spread has recovered all losses from the last 2 days and is trading back at 61.22$/bbl. The move up is driven by both gasoline and diesel markets.
  • US 321 crack up 4.85$/bbl at 60.98$/bbl
  • US gasoline crack up 4.36$/bbl at 59.01$/bbl
  • US ULSD crack up 5.83$/bbl at 64.92$/bbl
  • Brent FCC margin up 2.74$/bbl at 24.64$/bbl
  • Gasoline-Brent up 3.15$/bbl at 46.09$/bbl
  • Gasoil-Brent up 4.22$/bbl at 46.97$/bbl

Source: Bloomberg

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