Welcome back to Trading Corner, where the market’s on fire and the cracks are even hotter.

This week, Manny and James dissect a juicy dislocation between crude spreads and product strength—and roll out three sharp trade ideas:

Manny's Trade Ideas:
June/July Dated Brent – seeing upside as product tightness bites
Long Q3 Dated Dubai – early shift in Brent/Dubai positioning could extend

James' Trade Idea:
Holding Dec ‘26 EBOB Crack – deferred gasoline margins still look underpriced despite recent rally

From refinery margins screaming bullish, to physical barrels disappearing in the East, and the return of Brent/Dubai upside flow, this is the setup before summer truly kicks in. Manny and James unpack:
High-sulphur fuel oil strength & air con seasonality
Repsol's surprise crude dump and Spain’s refinery outages
Product-crude disconnect and the case for margin compression trades
Why now might be the time to buy crude relative to product—but only if you know where

If you're trading cracks, curves, or calendar spreads, this episode delivers the real context behind price moves. Skip the noise. Play the dislocations.

Want to trade? Get a behind-the-scenes look at how the pros express views with relative value trades, uncorrelated contracts, and smart positioning.

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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs and spread bets. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.

Massive Crude Dislocation & a Gasoline Crack Long? Here’s What We’re Trading | Trading Corner

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