Flux Markets | The Bearish Beast From the East Skip to main content

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
Share

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.

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Brent eases to low $96 handles

The front-month (Jun'26) Brent futures contract continues to face firm resistance at $100/bbl, as seen at 18:00 BST yesterday.....
4 page report

Money Managers Expected to Trim Longs

In line with this week's drop below $100/bbl, we anticipate a sharp liquidation of speculative net long positioning in Brent futures...
8 page report

Brent Falls to $97.92/bbl Post-Rally

Oil jumps on ceasefire news; IMF flags Asia risk; ARA stocks mixed, gasoil down; spreads widen as volatility persists.
4 page report

Brent eases below $96

The front-month (Jun'26) Brent futures contract climbed to a high of $96.80/bbl at 09:35 BST to $95.50/bbl at 12:15 BST, where it found....
4 page report