Someone in the WTI futures market appears to have concluded that the Iran war ended yesterday, while forgetting to inform the refined product market which continues to tighten. WTI is down 3.6%, Brent off just 1.1% lifting the WTI discount to around $8 per barrel, while the 3-2-1 crack spread is heading higher

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments