Free Trial

Refined Product Spreads Tick Higher

OIL PRODUCTS

Refined product crack spreads are following outright crude slightly higher

  • US and European gasoline spreads are recovering from lows reached last week with the US up from 26.5$/bbl to 35$/bbl and the European spread up from 20$/bbl to 25.5$/bbl. Product spreads are supported by the possibility that lower pump prices may offer some resistance to falling demand and with the expectation of a reduction in US inventory data this week.
  • Brent SEP 22 up 1.5% at 106.75$/bbl
  • WTI SEP 22 up 1.5% at 98.15$/bbl
  • US 321 crack up 1.8$/bbl at 40.73$/bbl
  • US gasoline crack up 1.6$/bbl at 35.72$/bbl
  • US ULSD crack up 2.2$/bbl at 50.76$/bbl
  • Brent FCC margin up 0.2$/bbl at 12.05$/bbl
  • Gasoline-Brent up 0.5$/bbl at 25.46$/bbl
  • Gasoil-Brent up 2$/bbl at 34.81$/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.