In our latest crude market commentary:
> North Sea & WTI remains priced out of Asia with Murban cheap
> WTI landing cheap into NWE and with North Sea arb outlets closed, we remain bearish Brent short-term
> Global dirty freight continues to weaken, speaking for poor demand
> Simple sweet margins are in the red in key regions; the biggest recent margin winners are complex term AG crudes, partly on OSP cuts in Asia
