Long TA Arb at 12c/gal
APIs were quite bullish, showing a 2.8M draw. If today’s EIA statistics are close to these figures, we should expect a bullish movement on RBOB. Additionally, the EBOB front has been sticky due to the bearish sentiment caused by the Dangote Refinery coming online in the coming weeks.
![](https://onyxhub1fe01bf731.blob.core.windows.net/blobonyxhub1fe01bf731/wp-content/uploads/2024/07/image-10-1.png)