EnergyScan

Physical crude trade picks up

Crude oil prices remained stable on Thursday, at 63 $/b for the prompt ICE Brent contract. Looking at refined products, prompt ICE gasoil crack is now above 5 $/b and slow recovery from last month’s slump. Low physical spot prices globally triggered Indian buyers to bid on West African cargoes. Biodiesel prices in the US are likely to remain sustained as supply remains low due to rising prices in alternative agricultural markets. 

us-gasoline-cracks
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
April 27, 2022

Euro at 5-year low against USD

1.0616 at the time of writing, possibly lower by the time of publication. The EUR/USD exchange rate has sunk below its 2020 lows. You have to go…
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?  Sign up here!

[booked-calendar]