Trade Idea 1: Long Jul TA Arb
A closed transatlantic arb currently should be putting pressure on NYH prices to increase relative to Europe to incentivise more bbls moving. Although there are multiple ways the physical arb can open back up again, we think being long Jul TA arb is a good high % trade for today
Trade Idea 2: Long JUL 3.5% Barge Crack
With news out that the River Rhine levels are high after heavy rains and have closed parts of the river in southern Germany, we expect to see disruptions to oil products carried by barges and therefore we believe the crack will rally
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