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Oil Products and Spreads Follow Crude Down

OIL

Oil complex all pulling back as the weeklong concerns for demand outweigh the limited spare supply capacity.

  • Brent crude is testing near the lower levels of 115.76$/bbl from yesterday and refined product cracks and time spreads are also following the move.
  • Brent AUG 22 down -3.3% at 115.88$/bbl
  • WTI JUL 22 down -3.9% at 113.04$/bbl
  • Brent AUG 22-SEP 22 down -0.08$/bbl at 2.73$/bbl
  • Brent DEC 22-DEC 23 down -1.22$/bbl at 12.94$/bbl
  • US gasoline crack down -1.8$/bbl at 44.364$/bbl
  • US ULSD crack down -2.7$/bbl at 71.8$/bbl

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