Monthly EMEA Chart Pack
June 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 February.
Oil Narratives
Crude
Middle Distillates
Light Ends
Fuel Oil
EMEA Chart Pack: June
Introduction
Iran-US peace deal optimism has dragged crude back to pre-war levels, with contango returning and Hormuz transits climbing. WTI/Brent is narrowing on the August tenor as US stocks rebuild, while USGC-to-Europe diesel stays shut and gasoline E/W turns bearish as Europe loses its East of Suez outlets. Fuel oil's war premium has gone, but AG summer burn is holding a floor.
"The risk-off theme is relentlessly bearish but cannot continue unabated. Real supply risks remain: sporadic attacks on vessels, US jawboning, and Iranian agreement finalisation details still to emerge."
Jay MarooHead of Product Experts
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