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Asia petrol buckles under supplies; crack at over two-year low

Updated : October 22, 2018 11:08 AM IST

Petrol margins against Brent crude fell 63 percent from the start of the month to $3.04 a barrel on Thursday, the lowest since Aug. 1, 2016, before recovering to $3.55 a barrel on Friday.
However, Friday's bounce was merely a reflection of easing oil prices, rather than a sign of better things to come, trade and industry sources said.
Asia petrol buckles under supplies; crack at over two-year low
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