In our latest distillate market commentary:
> AG/WCI arbs continue to point East whilst the USGC (&USAC) diesel arbs to Europe move close to open
> Singapore and European spreads and cracks continue to gain whilst HO finds a ceiling
> Decline in gasoline cracks continue to drive talk of run cuts, particularly in Asia
> Global distillate, after its recent strength, should find a ceiling from here in the medium term. Possible heat issues and/or hurricane will be important to monitor
