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Asia Distillates: Gasoil, jet fuel cracks slip on supplies

Published January 14, 2015 Updated January 14, 2015 11:30am
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By Shoaib Ur Rehman
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imageSINGAPORE: The Asian gasoil crack slipped 2.4 percent to $15.85 a barrel on Wednesday on the back of abundant supplies.

The Asian jet fuel crack similarly eased by about 2 percent to $16.85 a barrel, with limited spot demand seen.

Given falling crude prices, global airlines are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel.

Brent crude traded near $47 a barrel as of 1035 GMT.

Copyright Reuters, 2015

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