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WTI-Brent Falls; Cracks Recover Some Lost Ground

OIL

WTI-Brent spread falls further to -6.38$/bbl as Brent futures push higher than WTI with supply disruptions and US economic concerns.

  • Brent AUG 22 up 1.1% at 116.31$/bbl
  • WTI AUG 22 up 0.3% at 109.94$/bbl
  • Gasoil JUL 22 down -4.2% at 1210$/mt
  • WTI-Brent down -0.82$/bbl at -6.38$/bbl

Refined product crack spreads are recovering a little ground after significant losses earlier today. Gasoline cracks are approaching last night’s closing levels, but diesel spreads remain down over 5$/bbl on the day.

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WTI-Brent spread falls further to -6.38$/bbl as Brent futures push higher than WTI with supply disruptions and US economic concerns.

  • Brent AUG 22 up 1.1% at 116.31$/bbl
  • WTI AUG 22 up 0.3% at 109.94$/bbl
  • Gasoil JUL 22 down -4.2% at 1210$/mt
  • WTI-Brent down -0.82$/bbl at -6.38$/bbl

Refined product crack spreads are recovering a little ground after significant losses earlier today. Gasoline cracks are approaching last night’s closing levels, but diesel spreads remain down over 5$/bbl on the day.

Keep reading...Show less