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Bullish Cracks

Bearish crude momentum is fading as product cracks strengthen, with gasoline and gasoil leading while 92 East/West weakens.
Published: July 7, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
9 page report
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This past week, the M1 Brent futures continued to consolidate in the low $70s region as volatility compressed. On the downside, $70 remains a critical psychological support level. Past this, prices may target $67/bbl, which held as support through February this year...

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Donna Dong

Research Analyst, Flux
Donna Dong

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