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Brent, spreads and cracks stay mostly bearish; support levels under pressure as momentum softens. Downside favoured, except gasoline E/W.
Published: June 2, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
9 page report
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M1 Brent futures failed to see a significant move this week, dropping from over $100/bbl on 26 May to a low of $89.94/bbl on 29 May, with the M1 at $93.25/bbl at the time of writing on 02 Jun...

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