Key graphs of the week, as illustrated by our data dashboards.

Crude

We expect that strength in the Mar/Apr Dated spread could feed into the Apr/May Dated spread, as the former currently sees more unopposed buy-side interest, with refiners bidding the contract by over 330kbbls.

Distillates

The Apr Gasoil E/W rose to the -$25/mt handles over the past week and remained rangebound after, before softening to -$28.50/mt on Feb 27. Technical indicators are well in neutral territory.

Gasoline

The TA Arb has consistently been offered by market participants, with overall and 7-day long:short ratios of 40:60 for the Apr.

Naphtha

The Apr/May NWE Naphtha spread has seen a rally over the last fortnight with prices reaching highs of $10/mt on Feb 27, in line with consistent buying flows over the last week.

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