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 :

Diverging paths for energy benchmarks: is it sustainable in the long run?

US equity record their worst day in three months

Markets very nervous ahead of US inflation figures

Simplifying energy markets