WTI-Brent jump

  • Oil

While ICE Brent prompt price for August expiry jumped to 75 $/b on early Tuesday, the spread between US crude (light sweet WTI) and the ICE Brent benchmark narrowed spectacularly from –2.4 $/b to –2 $/b. Gasoil cracks and other refined product prices did not rally as quickly as crude prices, leaving the ICE gasoil crack to a paltry level of 5.8 $/b at the prompt, a level not experienced since mid-April. 

NWE cracking margins - Forties crude
Share this news :

You might also read :

ES-oil
June 24, 2021

Supply-side market

ICE Brent prompt contract remained at in the mid 75 $/b, as the EIA weekly report depicted a rather tight US crude market. Cushing drew…
ES-gas
April 15, 2022

Prices down on bearish fundamentals

European gas prices dropped yesterday, pressured by mild weather, ongoing strong LNG supply and rebound in pipeline flows. Indeed, Russian supply rebounded yesterday, averaging 231…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]