In our latest distillate market commentary:
> USGC arbs to Europe remain closed, AG arbs point West whilst WCI arbs continue to point East
> Diesel cracks and spreads largely continue their downward trend whilst jet diffs and spreads find a floor
> The weakness in the crude market lends some strength to diesel cracks this week whilst US jet yields continue to be stellar
> We remain bearish on global diesel, whilst remaining largely neutral on jet
