Free Trial

Oil Markets Reverse Some of the Recession Led Sell Off

OIL

Oil markets have found strength ahead of EIA oil inventory data release, reversing some of the recession led sell off this week.

  • Brent SEP 22 up 4.3% at 105.03$/bbl
  • WTI AUG 22 up 4.9% at 103.35$/bbl
  • WTI-Brent up 0.12$/bbl at -5.43$/bbl
  • US 321 crack up 1.9$/bbl at 42.1$/bbl
  • US gasoline crack up 1.7$/bbl at 39$/bbl
  • US ULSD crack up 2.4$/bbl at 48.3$/bbl
  • Brent FCC margin up 1.2$/bbl at 15.35$/bbl
  • Gasoline-Brent up 2.1$/bbl at 32.1$/bbl
  • Gasoil-Brent up 3.5$/bbl at 36$/bbl

To read the full story

Close

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.