Crude Steadies at $92 as the $98 Refinery Crack Holds
Crude steadied Thursday after giving back most of its late-September conflict cushion, and the tape is showing exactly where the tightness still sits. West Texas Intermediate held at $92.02 and Brent at $98.15, both off their month highs but still a good $12 above the pre-escalation level, per Yahoo Finance quotes fetched this session. The distillate crack has not surrendered anywhere near the same premium.
Key Takeaways WTI held at $92.02 and Brent at $98.15, off their month highs but roughly $12 above pre-escalation, per Yahoo Finance. ULSD versus Brent is near $98 a barrel, about $68 above year-ago levels: products carry the tightness, not crude. The strike tracker holds 26 entries (17 con…
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