crude timespread tightening hard on today's DOE number.
Do I want to short this sumbeetch? Technically the spread ain't all that tight. I would like to see it pull in another 50cents or so to give more room for error. Fundamentally, I fail to see any reason for strength. distillate stock is way high. And gasoline while it has nearly reached the end of consumption season hasn't budged much. Unlikely refineries would rush to buy more crude even though crack spread remains ok still.
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