Flurry of spot deals in Asia pressures diesel cracks

London, (Quantum Commodity Intelligence) - A flurry of deals for spot loading in Singapore has capped a sustained rise in diesel cracks, market sources and data showed Tuesday.

At least six deals for loading within the next month were heard on Tuesday - all at the same value of H1 May -$0.15/b - equivalent to $67.25/b by 16:30 Singapore time.

The deals pegged back the spot crack versus cash Brent at the same time to $3.63/b, down 47 cents on the day and capping an impressive run that saw the crack rise from $2.50/b since the start of the month.