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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.
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Free AccessUS Cracks Slide to Multi-Month Lows
US diesel cracks are easing back to their lowest level since late December, having plummeted since mid-February.
- US ULSD crack down -3.4$/bbl at 35.78$/bbl
- ULSD MAR 24 down -2.3% at 2.74$/gal
- According to BNEF, distillate demand in the US fell to its lowest level since 2016 on a seasonal basis as storms and mudslides plagued California, BNEF said.
- Gasoline spreads are also showing similar weakness, easing back to the lowest levels since October.
- RBOB MAR 24 down -2.3% at 2.28$/gal
- US gasoline crack down -1.6$/bbl at 16.51$/bbl
- Gasoline demand on a four-week basis dropped to its lowest seasonal level since 2021, according to BNEF Feb. 16.
To read the full story
Sign up now for free trial access to this content.
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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.