- Both CFDs and DFLs have improved since the last report. CFDs have been well bid this week by majors and trade houses with the 15-19 Apr CFD rallying sharply this week. May DFL saw an aggressive rally into the end of last week as the front of the curve finally caught up to strength in the physical, surpassing $1.40/bbl levels in the May contract though we saw levels etching back slightly into Tuesday, though generally trading in line with spreads around $1.43/bbl and $1.47/bbl in the Sing window.
