In our latest crude market commentary:
> Some prompt strength in spreads and DFL likely to see further pressure with tightness in WTI/Cushing soon over from a seasonality and margin perspective
> WTI landing competitively beyond the prompt in NWE and Med, alternative light sweets such as WAF attempting to price back into refining and compete with US barrels
> MEG spot crudes look liable to soften if only on relatively poor cracking margins and with WTI barrels seemingly not needed in Asia
