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U.S. diesel crack spread at $89 per barrel, Rory Johnston notes

U.S. diesel crack spread at $89 per barrel, Rory Johnston notes
U.S. diesel spread doubles Brent crude

Rory Johnston observes that Brent crude is priced at $87 per barrel, while the U.S. diesel crack spread against Brent is $89 per barrel.

He highlights that diesel is currently trading at twice the price of crude.

Last week, Rory Johnston reported that U.S. crude inventories increased by 17.4 million barrels, while the Strategic Petroleum Reserve declined in his analysis. He also provided a summary of weekly trends in crude prices, spreads, and inventories. Johnston regularly follows refined products and market positioning themes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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