Commodity Market Report
Global product markets weekly: Global refinery margins rally on gasoline recovery
Report summary
Global crude prices fell again in the week commencing 6th August. The weekly average Dated Brent price decreased by US$2.20/bbl, which puts Dated Brent at a three-week low. Crude prices came under pressure last week as the market digested news of stronger crude production from Russia and a quick recovery in Libyan production. US crude prices also weakened but were under less pressure than Brent. The US has experienced a strong recovery in crude runs over the past few weeks, which has contributed to a crude stock draw and a narrower Brent-WTI differential.
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