In our latest distillate market commentary:
> AG/WCI diesel arbs continue to point East margin wise whilst USGC TA arbs close. Increasing distillate cracks contribute to a recovery in refining margins
> Middle Eastern (Israel/Iran/Hezbollah) issues lend strength to crude which has damaged distillate cracks in the past few days
> Still largely bullish, particularly ICE GO, but recovering margins/supply will be important to monitor as we move further into Q4
