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NWE Naphtha Crack

In this edition, we look at the May’26 NWE Naphtha crack....
Published: March 27, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
Reviewed by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
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In this publication, we leverage Onyx’s proprietary Commitment of Traders data in order to identify changes in swap Open Interest and Positioning against Onyx with a view, in conjunction with long/short entry price levels and volatility analysis, to identify potential continuation or reversal trends.

In this edition, we look at the May’26 NWE Naphtha crack.

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