# Asia oil/products: Crude retreats, gasoline cracks ease on Covid fears

> Middle East crude prices fell sharply, with Dubai cash for September assessed at $68.64/b, down $3.01. Light-end gasoline cracks eased on COVID concerns, while China's teapot refiners faced tight import quotas and a possible resale of 20 million barrels from storage.

- Date: 2021-07-21 · published 2021-07-21T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/6949-asia-oil-products-crude-retreats-gasoline-cracks-ease-on-covid-fears
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

COVID-related demand worries and Chinese import constraints weigh on crude and product demand in Asia, pressuring Brent and Dubai benchmarks lower.

## Read by commodity

- BRENT: bearish ▼

## Sources

- qcintel.com: https://www.qcintel.com/article/asia-oil-products-crude-retreats-gasoline-cracks-ease-on-covid-fears-1214.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.