Monthly Americas Chart Pack

July 2026

Take a step back with our monthly chart pack, where analysts highlight the most important trends and visuals shaping the oil market in the Americas for the month of May.Contents

Oil Narratives

Crude

Light Ends

Middle Distillates

Fuel Oil

Freight

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Americas Chart Pack: July

Introduction

The charts that matter

Renewed US-Iran conflict at the Strait of Hormuz is tightening global refined products alongside lost Russian refining capacity. USGC 3:2:1 cracks have hit new all time highs, and the US has shut crude arbs, cutting Europe off from US barrels.

"A protracted conflict would threaten critically low US crude and product inventories, leading to a natural floor in flat prices."

Nikolas Plonski
Oil Market Analyst

Nikolas Plonski
Oil Market Analyst - Americas

Nikolas Plonski is an Oil Analyst for Sparta Commodities focused on cross-barrel analysis of the Americas. Having been a distillates trader at Gent Commodity trading and analysing markets, Nikolas is an accomplished analyst in the oil markets.