The prompt Brent Futures contract saw a stable start to the morning, rangebound between $90.40/bbl and $90.90/bbl before seeing a strong correction downwards from 09:30 BST to settle at $90.06/bbl at 10:20 BST.
In the week to April 9th, our tool forecasts long speculators added to their positions for the fourth consecutive week while at the same time, short money managers are forecast to have also added to their positions after three consecutive
June Brent futures flat price witnessed a choppy afternoon, rallying back into the $90/bbl region at 14:10 BST but failing to maintain this level and falling to $88.95/bbl come 16:10 BST.
The LST/FEI arb witnessed notable weakness in the first week of the fortnight. Prompt prices fell from -$160/mt on Mar 27 to lows of -$186/mt come Apr 02, before retracing to above the -$180/mt mark for the rest of the
Onyx Capital Group is proud to announce the appointment of Chris Gooder as the new Performance Director for Trading. With a distinguished background in Performance Psychology, including notable experience in Formula 1, Gooder brings a wealth of expertise in optimising
Prompt Brent futures flat price has witnessed a relatively weak afternoon period. Prices were initially stable around the $90.50/bbl mark, reaching highs of $90.71/bbl at 13:10 BST. However, since then prices slipped lower, reaching $89.56/bbl at 16:12 BST.
This past fortnight has seen a far weaker naphtha complex in both regions, yet, the East has performed slightly better in the past couple days.
The past fortnight forced the May Brent/Dubai out of its range, with price action plummeting from +15c/bbl on Mar 25 to a low of -40c/bbl on Apr 02.
The Brent Futures prompt contract has seen a volatile morning, opening around $90.60/bbl before oscillating from lows of $90.40/bbl up to highs of $90.93/bbl at 08:50 BST.
With another week comes a fresh slew of trade ideas by Onyx Research.
Refinery margins calculate a refiner’s profit margins – and usually, we see Asian margins tower over their European counterparts. Why then have M1 Asian margins lately fallen under European margins? Find out the “crude” details about this in our latest
The Jun Brent futures contract corrected to below $90/bbl over the afternoon, falling to $89.55/bbl around 17:00 BST where it found support and rallied to $89.90/bbl at 17:25 BST.
Raid the Bull Market Armoury and Prepare for Carnage – Finally, things are coherent in the oil markets.
The Brent futures flat price for the prompt contract initially saw a slight pull back and dipped to below the $89/bbl mark in the early hours. However with the prospect of war still very apparent, the contract has strengthened once
