Ben Sarikaya

Daily Trade Idea: 13/06/2024

1 min read
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Short Jul 0.5% Sing Crack

According to market and ship tracking data, Singapore, Asia’s main oil hub, is set to receive this week the first cargo of low-sulfur straight-run fuel (LSSR) oil exported from Nigeria’s newly built Dangote refinery. There is already good supply and tepid demand. Cracks have already sold off this morning, so we are following the trend with this idea.

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