Off the back of another tense week with the recent attacks by Iran on Israel, Greg, Jorge, James and Martha discuss the impact (or, lack thereof) the event had on oil prices. As a bonus for this episode, Jorge and Martha will provide a trade idea each!  There was a muted response for Brent futures, with prices oscillating around $90/bbl, opening on Monday at $90/bbl and closing at $90.50/bbl. Looking at the CFTC report, the market is quite long - especially by managed by money players. The refinery margins have increased week on week, but mostly due to a weakened dated crude market. Gasoline continues to rally after a bit of a dip last week. The European gasoline market seems stubbornly long. James’ one to watch this week is the continued dollar strength and higher U.S. yields - which are breaking equity market momentum, with gold making continued new all-time highs. Aside from the major story of the Iran retaliation attack on Israel, in our Googling Oil segment, the team discus the new regulations in Nigeria which will require oil producers to sell crude to domestic refineries. Martha’s trade idea this week is propane - selling the LST/FEI in May. Jorge also shares his trade idea, the WTI to Dubai Spread - which Jorge thinks will widen as Dubai crude powers ahead in Asia. You can watch the LST/FEI trade idea in further detail here: https://youtu.be/8sKmB_ymD8I If you would like to connect with any of our hosts on LinkedIn, please click on the hyperlinks below: Greg Newman: https://www.linkedin.com/in/oilderivatives/ Jorge Montepeque: https://www.linkedin.com/in/jorge-montepeque-38410bb6/ James Brodie: https://www.linkedin.com/in/jamesbrodiecmt/ Martha Dowding: https://www.linkedin.com/in/martha-dowding-ab84801a6/ Chapters for this episode are:  0:00 Welcome  1:16 This week in trading  9:12 Macro market news  15:20 CTA positioning 16:49 Refinery margins  19:38 "Googling oil:" world oil news  24:11 Trade idea of the week  28:47 Poll results  29:48 "Fiscal entrapment"