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ICE Brent front-month crude traded at $75.4 a barrel as European and Asian gasoil cracks rose sharply, with the low-sulfur gasoil crack in Europe above $10 a barrel. European ARA diesel stocks fell 1.1 million barrels in a week.
Rising gasoil cracks and falling European diesel stocks point to firm distillate prices into winter. Higher crude costs feed through to fuel and freight expenses.
Not enough comparable past events yet for a historical read.
Not 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.