Massive Crude Dislocation & a Gasoline Crack Long? Here’s What We’re Trading | Trading Corner

15/05/2025 18 min
Massive Crude Dislocation & a Gasoline Crack Long? Here’s What We’re Trading | Trading Corner

Listen "Massive Crude Dislocation & a Gasoline Crack Long? Here’s What We’re Trading | Trading Corner"

Episode Synopsis

Welcome back to Trading Corner, where the market’s on fire and the cracks are even hotter.This week, Manny and James dissect a juicy dislocation between crude spreads and product strength—and roll out three sharp trade ideas:Manny's Trade Ideas:June/July Dated Brent – seeing upside as product tightness bitesLong Q3 Dated Dubai – early shift in Brent/Dubai positioning could extendJames' Trade Idea:Holding Dec ‘26 EBOB Crack – deferred gasoline margins still look underpriced despite recent rally From refinery margins screaming bullish, to physical barrels disappearing in the East, and the return of Brent/Dubai upside flow, this is the setup before summer truly kicks in. Manny and James unpack:High-sulphur fuel oil strength & air con seasonalityRepsol's surprise crude dump and Spain’s refinery outagesProduct-crude disconnect and the case for margin compression tradesWhy now might be the time to buy crude relative to product—but only if you know where If you're trading cracks, curves, or calendar spreads, this episode delivers the real context behind price moves. Skip the noise. Play the dislocations. Want to trade? Get a behind-the-scenes look at how the pros express views with relative value trades, uncorrelated contracts, and smart positioning. Visit https://onyxmarkets.co.uk/ }👉 Trade for free with Onyx Markets: https://onyxmarkets.co.uk/👉 Get industry-grade data via Flux Terminal: https://www.onyxcapitalgroup.com/flux👉 Oil swaps glossary: https://www.onyxmarkets.co.uk/oil-sw👉 More episodes: https://linktr.ee/onyxcapitalgroup🔔 Subscribe for weekly breakdowns of energy markets, real trades, and edge from the Onyx desk. CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs and spread bets. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

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