Crude keeps sliding:
- WTI: $64.38 (▼0.78)
- Brent: $66.89 (▼0.75)
Both benchmarks have been falling for five consecutive sessions. Since July 30, Brent is down nearly $6, WTI more than $6. This is no longer a correction — it’s sustained pressure with no bullish triggers in sight.
Diesel hit hardest:
- Gasoil 0.25% (Arab Gulf): $84.04 (▼2.03%)
- Gasoil 10 ppm (Arab Gulf): $84.18 (▼2.03%)
A $1.74 drop in a day makes gasoil the worst performer. This likely reflects oversupply and soft export demand, especially in Asia.
More losses across the board:
- Naphtha (Arab Gulf): $532.77 (▼1.08%)
- Marine Fuel 0.5% Fujairah: $495.21 (▼0.16%)
- Gasoline 92 (Spore): $77.24 (▼0.12%)
Only fuel oil gained:
- FO 180 CST (AG): $399.97 (▲0.29%)
- FO 380 CST (Spore): $406.62 (▲0.05%)
Takeaway: Red dominates the screen — Asian demand is sluggish, inventories are rising, and macro sentiment is weak. Even gasoline and naphtha can’t hold the line. Brent slipping below $67 is a psychological blow.
The real question: are we near the bottom, or just halfway down?
