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.
Oil Narratives
Crude
Light Ends
Middle Distillates
Fuel Oil
Freight
Americas Chart Pack: July
Introduction
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 PlonskiOil Market Analyst
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