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December Dump

Gasoline cracks have eased from Q4 highs but remain seasonally strong, creating an opportunity to build length ahead of summer demand
Published: January 6, 2026
14 page report
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The gasoline complex has retreated from the highs of early Q4 as cracks sold-off dramatically, while market positioning is more balanced to start the new year. Bearish momentum in the cracks have waned as prices stabilised over the festive period amid lower liquidity.

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