The Jan’26 Brent futures contract has risen this afternoon, from $64.34/bbl at 15:29 GMT to $65.27/bbl at 16:30 GMT. Prices have since eased to $65.05/bbl at 17:30 GMT (time of writing). In the news, Reuters has reported that Venezuela’s oil
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Naphtha and Fuel Oil.
The gasoline complex remained supported this week, with the Dec’25 RBOB swap crack rallying from a low of $12.65/bbl on 27 Oct to sitting at $14.35/bbl at the time of writing on 3 Nov, possibly bolstered by an EIA-reported 5.9mb
The naphtha swaps market held firm over the past week, as cracks rallied while spreads remain elevated. Bullish sentiment remains pertinent, given the US sanctions on Russia, which would trigger a re-routing of flows and create a greater two-tiered market
ICE COT data for the week ending 28 Oct shows open interest dropping by over 77mb w/w (marking a 2.5% drop w/w), reflecting that the rally may have been driven by short players stopping out after the sanctions announcement. Open
View: Neutral-to-Bearish Target Price: $63-65/bbl The M1 Brent futures contract has been fairly uninspired this week, hovering just below the $65/bbl handle. Price volatility remains tepid and it seems players are done digesting the sanctions on Russian majors and is
The Jan’26 Brent futures gapped higher above $65/bbl on Monday morning’s open, seeing highs of $65.30/bbl around 06:40 GMT before sliding towards $64.50/bbl by 09:15 GMT (time of writing). OPEC+ agreed on Sunday to raise output by 137kb/d in December
The Jan’26 Brent futures rose to a high of $65.15/bbl at 13.06 GMT before it softened to see support at $64.25/bbl around 16.15 GMT before it inched up to $64.72/bbl at 17.30 GMT (time of writing). President Trump denied considering
The Jan’26 Brent futures contract has eased slightly this morning, from $65/bbl at 08:30 GMT to $64.56/bbl at 10:30 GMT (time of writing). In the news, Reuters reported that Indian Oil Corp has purchased five cargoes of Russian oil scheduled
The Jan’26 Brent futures contract has marginally risen this afternoon, from $64.23/bbl at 13:00 GMT to $64.37/bbl at 17:00 GMT (time of writing). In a Bloomberg TV interview, US Energy Secretary Chris Wright stated that the US is prepared to
The cross-continent contempt between China and the US has been defused in part as Xi Jinping and President Trump had a short but “12” on a scale of 0-10 meeting. Brent ticked up on this, but it was not a
The HSFO market is a little softer, with 380 dictating flow. The Dec’25 3.5% barges crack remains near seasonal highs despite a late-week pullback, supported by rising open interest and positioning that hints at short covering ahead. Overall tone remains
The Jan’26 Brent futures contract has dipped this morning, from $64.90/bbl at 04:00 GMT to $64.49/bbl at 10:00 GMT (time of writing). In the news, Reuters has reported that Russia’s Lukoil has agreed to sell Lukoil International GmbH, its international
This week, in all three contracts, money managers are anticipated to increase length while trimming shorts. Producers/merchants, in contrast, are expected to be risk-off across the three contracts, trimming both longs and shorts.
Further detailed information on other categories
The Jan’26 Brent futures contract has risen this afternoon, from $64.37/bbl at 13:00 GMT to $65.02/bbl at 17:00 GMT (time of writing). In the news, Reuters has reported that India’s HPCL-Mittal Energy Ltd has suspended Russian oil purchases after new
