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October Melts in the Middle

Interestingly, the 05-09 Oct 3-week roll saw really strong offers, so keep an eye on this...
Published: September 22, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
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Weakness seems isolated to the paper market, as we continued to see the physical differential implied higher, to $15.135/bbl on 21 Sep, up $6.315/bbl w/w, before cooling to $13.875/bbl the next day. It's a strange pattern, with this physical support propping up the very front, but Oct/Nov coming off....

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Martha Dowding

Research Associate, Flux
Martha Dowding

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