Crack prices move higher

ICE Brent prompt prices declined by a dollar, at 66.3 $/b for the July contract, following a weak end-of-month expiry. Gasoil and gasoline cracks continued to improve globally, with the ICE Gasoil crack reaching 5.3 $/b and the Singapore benchmark at 7.5 $/b at the prompt. Mobility in India continued to plunge last week but remains above April 2020’s low. The CFTC report showed a stabilization in open interest for both Brent and WTI contracts with merchant players increasing their net short exposure. 

us-biofuel-prices
Share this news :

You might also read :

ES-oil
May 4, 2022

Chinese prospects drive the market down

Oil prices slid on Tuesday, ICE Brent lost 2.4% to end at $104.97/b. NYMEX WTI went 2.6% down to settle at $102.41/b. Market participants continue…
ES-oil
January 25, 2021

Physical grades weaken

Brent futures prices were stable at 55.5 $/b for the prompt future contract amid growing concerns over new lockdowns, as Hong Kong declared a 2-day lockdown,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]