Crack prices move higher

Oil
May 4, 2021

ICE Brent prompt prices rallied to 67.3 $/b, without significant fundamental change. The Dubai benchmark, pricing crude delivered to Asia, continued to weaken compared to European and US crude as the time structure of swaps rapidly worsened. Asian product cracks reacted differently to the Indian health crisis, as gasoil cracks remained supported and gasoline margins underperformed.

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Crack prices move higher

You might also read :

Brent corrects as the dollar rallies

China pushed oil higher on Friday and lower this morning

Power prices posted gains while EUAs retreated after a bullish session

Simplifying energy markets