TMNs: Oscill-85
July 18, 2024
God bless America; firing up WTI spreads like an AR and waking up in the morning on Wednesday and buying the hell out of Brent, flipping pricing like Vance’s opinion on Trump.
Reports
Industry-leading market insights. Get daily, weekly and monthly reports from Flux Research, featuring expert analysis and interactive graphs.
European Window: Brent oscillates in and out of $85/bbl
July 18, 2024
The September Brent futures contract strengthened back to the $85/bbl handle around 14:20 BST before again weakening to $84.40/bbl at 15:45 BST. However, the benchmark crude futures contract found support at this level and climbed to $85.30/bbl as of 17:10
Overnight & Singapore Window: Brent Weakens to $84.95/bbl
July 18, 2024
The September Brent Futures has seen a weaker morning, after rising to $85.80/bbl at 08:00 BST, the contract corrected downwards to a low of $84.96/bbl at 10:30 BST, and is trading at $85.06/bbl at the time of writing (11:05 BST).
CFTC Predictor: A Quiet Place
July 18, 2024
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
European Window: Brent Rallies Alongside EIA Draw
July 17, 2024
The Sep Brent futures contract strengthened this evening, climbing from $83.70/bbl at 11:20 BST to $85.10/bbl at 17:35 BST (time of writing).
LPG Report: Build Sentiment, not Stocks
July 17, 2024
The US LST vs Far East propane (LST/FEI) arb weakened to -$220/mt this fortnight after initially rallying to -$200/mt at the start of the month. This weakness came despite LST/FEI buying, highlighting weakness in US LST propane.
Overnight & Singapore Window: Brent Trading Around $83.50bbl
July 17, 2024
The September Brent futures flat price has a mixed morning, ticking down from $83.65/bbl to a low of $83.45/bbl by 07:30 BST, before rallying to $84.10/bbl by 08:55 and then subsequently falling back down to $83.65/bbl as of 11:10 BST
Dubai Market Report – Banks Just Can’t Get Enough (Of Brent/Dubai)
July 16, 2024
A fortnight of two halves in Brent/Dubai, encapsulating the market’s duality in the year-to-date. The first week was relatively rangebound as prices hovered around -10c/bbl, with volumes low due to the US holiday. As Brent and WTI rallied, Dubai did
European Window: Brent Ticks Below $84/bbl
July 16, 2024
The September Brent futures had a mixed afternoon, initially falling from $84.05/bbl to $83.35/bbl by 13:10 BST, its lowest level since 18 June, before it then rallied back up to the afternoon’s high of $84.30/bbl at 16:20 BST.
Naphtha Report: Just Go With the Flow…
July 16, 2024
We continue to see strength across the naphtha complex, although we appear to now be approaching the dangerous realm of potential buy-side saturation with rising selling in naphtha cracks in Europe, alongside selling in the E/W.
Up-Dated Supplementary Report – It’s R-oil-y Strong!
July 16, 2024
The Dated market has retained its strength well; although there was some weakness from a sell-off in a flat price. There is good buying in CFDs and rolls from trade houses, although liquidity can be thin.
Onyx Alpha: Buy FEI Another Day
July 16, 2024
With another week comes another selection of new trade ideas by Onyx Research. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials
Overnight & Singapore Window: Brent softens below $85/bbl
July 16, 2024
The September Brent futures contract has witnessed a weaker morning amid the flat price, falling from above $84.50/bbl at 06:45 BST to $84.10/bbl as of 11:30 BST (time of writing). Sentiment likely remains pressured following the poor Chinese economic data
Daily Trade Idea: 16/07/2024
July 16, 2024
With European VLSFO in backwardation in the prompt months, physical traders will note that the arb is open and we should see VLSFO from Europe start to flow to Asia.
European Window: Brent Hovers Around $85/bbl
July 15, 2024
The September Brent futures flat price has had a fairly flat afternoon, with the exception being its dip to just below $84.50/bbl from $85.10/bbl between 14:30 BST and 14:45 BST.