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The Bearish Beast From the East

M1 RBOB and EBOB cracks strengthened despite US gasoline builds, supported by steady PADD-1 stocks and short-covering.
Published: January 12, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
14 page report
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The M1 RBOB swap crack strengthened in the week ending 12 Jan, with prices rising from $11.80/bbl on 05 Jan to $13.40/bbl at the time of writing on 12 Jan.

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