Asia gasoline swap crack slides 86% on day to 2-year low as demand falters

The Asian gasoline swap crack — a measure of the product’s relative strength to crude – slumped 86% day on day to a more than two-year low Aug. 31, S&P Global Commodity Insights data showed, as regional supply outstripped demand and recessionary fears further weighed on sentiment. The front month September FOB Singapore 92 RON gasoline crack against Dubai swaps…