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US gasoline crack spreads rebounded 4.5% to $50.83 a barrel after falling to $42.10, and the US diesel crack rose 1.1% to $47.70 after falling from a peak of $73.65 earlier in the month. European gasoil-Brent spreads also rebounded.
Refining margin moves reflect diesel and product tightness that affects fuel and freight costs for feed buyers. The rebound in cracks points to firm product demand, though the broader trend has been lower.
mnimarkets.comDavid LeeMay 20, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
