The Dec’25 Brent futures contract gapped up from yesterday’s close of $63.50/bbl to $64.12/bbl at today’s open. Prices have continued rallying, reaching $65.82/bbl at 12:00 BST (time of writing). In the news, US President Trump announced new sanctions on Russian
This week in Brent, money managers are anticipated to take a risk-on stance, marginally adding to longs and shorts. In contrast, they are expected to turn risk-off in RBOB futures and gasoil by trimming length and adding to shorts. Producers/merchants
LPG markets have been mired by renewed US-China tariff tensions. Sentiment weakened as Trump’s threat of 100% tariffs on Chinese goods sparked a sell-off in the Far East propane Index (FEI), where the FEI/CP rapidly corrected lower from $48 to
The Dec’25 Brent futures contract rose this afternoon, from $62.28/bbl at 13:00 BST to $62.95/bbl at 17:00 BST (time of writing). In the news, Reuters has reported that a Chevron-operated consortium developing the Kazakh oilfield, Tengiz, will restart oil exports
The Dec’25 Brent futures contract has traded in the $62/bbl handle this morning, from $62.23/bbl at 05:00 BST to $62.59/bbl at 07:45 BST. Prices eased further to $62.06/bbl at 11:00 BST (time of writing). In the news, Britain has issued
The Dec’25 Brent futures contract fell this afternoon, reaching $61.73/bbl at 13:45 BST before falling to $60.37/bbl at 15:00 BST. Prices found support at this level, recovering to $61.35/bbl at 17:00 BST (time of writing). In the news, Reuters has
There has been immense pressure in the Dated complex in the last week. The implied physical differential curve is negative until March. This type of weakness has not been seen since COVID. The physical windows have been really quiet. Physical
M1 Brent futures trended down from $63.55/bbl on 14 Oct but failed to reach $60/bbl on 17-20 Oct. The contract then inched up to $61.30/bbl at the time of writing on 21 Oct. Still, the 10-day moving average (orange line)
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Crude and Naphtha….
The Dec’25 Brent futures contract has risen this morning, from $60.70/bbl at 08:00 BST to $61.52/bbl at 11:00 BST (time of writing). In the news, Japanese Trade Minister Yoji Muto has said that Japan will approach Russian energy imports based
In the week ending 14 Oct, Brent futures saw a drop in prices, reaching a high of $66.47/bbl on 08 Oct before seeing a low of $62.16/bbl on 14 Oct. Money managers reduced their long position for the fourth consecutive
The Dec’25 Brent futures contract battled with the $60/bbl level this afternoon, dipping to $60.11/bbl at 14:00 BST before recovering slightly to $60.63/bbl at 17:30 BST (time of writing). In the news, Reuters have reported a second Ukrainian drone attack
View: Neutral/Cautiously Bearish Target Price: $60-62/bbl Last week, the Dec’25 Brent crude futures extended its decline, recording its third consecutive weekly loss as it fell to the low $60s level. The oil glut has gripped market narratives, with oil at
The Dec’25 Brent futures contract has risen this afternoon, from $60.68/bbl at 12:00 BST to $61.17/bbl at 17:00 BST. In the news, a morning fire at BP’s Whiting refinery in Indiana (capacity 440kb/d) has been extinguished, resulting in multiple units
M1 Brent futures (Dec’25) eased to a low of $60.60/bbl at 03:10 BST, where they met support. However, prices have not been able to break above $61/bbl since, sitting at $60.90/bbl at the time of writing (06:53 BST). As per
