Name: Global product markets weekly: Higher crude prices and weakening fuel oil cracks dragged down refining margins
Brand: Wood Mackenzie
SKU: 115305
Price: 1050 USD
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Author: Wood Mackenzie

Commodity Market Report 19 August 2019

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The fear of recession fuelled high volatility in the oil market last week. The North Sea Dated weekly average increased slightly by US$0.88/bbl to US$58.13. On 13 August, President Trump postponed implementing a new round of tariffs from 1 September to 15 December. Front-month prices for WTI and Brent jumped following the news, easing market concerns of a scenario in which no trade agreement would be reached. The next day, an inversion in the US government bond yield curve, which is normally regarded as a signal of recession, triggered a sell-off in the markets and erased the earlier gains. The oil market rebounded slightly after positive comments from President Trump on Sino-US trade talks and robust US economic data in the later part of the week.</div>
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<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Weekly historical margins 2019Aug19.xls</p>
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    <span>XLS</span>
    <span>290.00 KB</span>
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<p class="font-regular" >Weekly report 2019Aug19.pdf</p>
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    <span>PDF</span>
    <span>1.36 MB</span>
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