The Asian jet fuel/kerosene market structure strengthened on May 18, tracking heightened geopolitical tensions following a drone strike near the UAE’s nuclear power plant on May 17 and the failure of the US-China summit to draft a potential path of de-escalation. “[The latest attack has] raised concerns that disruptions to oil supplies will remain for the foreseeable future,” ANZ Senior Commodity Strategist Daniel Hynes said in a report on May 18. Brokers pegged the front-month June/July FOB Singapore jet fuel/kerosene swaps time spread — an indicator of near-term market sentiment — at plus $7.35/b in midmorning Asian trading on May 18, widening from the of plus $6.02/b at the Asian close May 15. Meanwhile, the FOB Singapore jet fuel/kerosene cargo cash differential rose 32 cents/b day over day to plus...