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Crude inventories and the refining spread

WTI softer on the week. Crack spreads still support the integrated names versus pure E&P.

Commodities · Weekly

Inventory builds took the prompt contract down. That is a tape fact, not a forecast.

Crack spreads remaining firm is why the desk still prefers looking at integrated names before adding pure exploration risk.

Futures tickets for qualified accounts are described on the futures page. They are not live in this build.

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