Leaves are turning green but Dated turned red…Â
April 16, 2024
Dated Brent structure saw a real (if short-lived) Easter story as bullish narrative was taking hold of the market and as spring sprung, so did Dated…
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Brent Struggling To Support Itself Above The $90/bbl Mark
April 16, 2024
Prompt Brent futures flat price has witnessed a mixed afternoon period, struggling to support itself above the $90/bbl mark. This was evidenced as twice prices passed the $90/bbl threshold before retracing lower.
Gasoline Report: Game Of Two Halves
April 16, 2024
The May EBOB crack witnessed a fortnight of two halves. Initially, prices opened below the $21/bbl mark on Apr 09, facing downward pressure.
Brent Corrects Down to sub $90/bbl LevelsÂ
April 16, 2024
The prompt Brent futures contract has seen a correction downwards this morning, sliding from $90.77/bbl levels to just below the $90/bbl mark, trading at $89.91/bbl at 10:30 BST
Trade Wars: The Phantom Alpha
April 16, 2024
With another week comes a fresh slew of trade ideas by Onyx Research.
Brent Lower Amid Directional Uncertainty
April 15, 2024
Jun Brent flat price weakened further into the afternoon, moving from $89.85/bbl around noon to $88.80/bbl come 15:15 BST.
Futures Report: World Affairs Brings The Bears
April 15, 2024
Technical indicators for the current period highlighted similar trends across product groups. Brent’s RSI has been hovering around overbought territory, with price action oscillating around the $90/bbl mark throughout the week.
This Week’s Target Price: $86-88/bbl
April 15, 2024
After a relatively rangebound week, with Jun Brent futures oscillating around the $90/bbl mark and hitting highs of $92.18/bbl on Apr 12, Brent futures has opened weaker following the weekend’s events – retracing to below the $90/bbl mark.
The Risk is On: CFTC Weekly Analysis
April 15, 2024
For the week to Apr 09, we saw money managers add to both their long and short risk in the both Brent and WTI futures….
Brent Softens To Below $90/bbl
April 15, 2024
The Brent futures flat price for the prompt contract has witnessed a weaker morning, falling from highs of $90.64/bbl in the early hours to lows of $89.23/bbl at 09:05 BST. Prices saw a slight uptick since, printing at $89.69/bbl at
Brent breaks into $91/bbl Territory
April 12, 2024
Jun Brent flat price has seen an interesting afternoon amid price action finally breaking into $91/bbl handles at 13:30 BST and hitting a peak of $92.10/bbl at 15:25 BST.
Waha-ha-ha-ha Hub – LNG Market Report
April 12, 2024
As crude prices strengthen, producers remain keen to keep crude flowing. However, these wells in the US produce natural gas as a by-product, leading to an even greater supply glut.
Brent Strengthening Back Towards $91/bbl
April 12, 2024
June Brent futures flat price maintained strength in the $90/bbl handles this morning. Initially prices hovered around $90.20/bbl during the early hours, before support has seen price action push towards the $91/bbl mark, printing at $90.76/bbl at 11:20 BST.
Brent Finds Resistance at $90/bbl But Support at $89.70/bbl
April 11, 2024
Jun Brent futures flat price oscillated in and out of $90/bbl handles all afternoon, reaching a low of $89.40/bbl around 15:50 BST before correcting to $90.05/bbl at 17:10 BST but falling to $89.90/bbl handles come 17:20 BST (time of writing).
TMNs: Brent Playing Bogey Golf – Trying To Shoot Above 90Â
April 11, 2024
We have been holding firmly in the $90/bbl levels for Brent this week, with investors poised for the Middle East situation to possibly deteriorate, which could involve Iran, the third-largest oil producer in OPEC.