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Gasoline Report: Stuck On the Driving Range(bound)

1 min read
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Summary


There seems to be a lack of direction in the wider gasoline complex as traders fail to really see genuine and strong demand, with recent economic data being predominantly sad. There were no great gains in any contract and the backend remains illiquid. The Aug’24 EBOB crack has been rangebound around $16.00/bbl from late June. A fortnightly peak of $16.80/bbl was reached on 05 July, which then softened to $15.90/bbl on 09 July.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.