The Dec’25 Brent futures contract fell this afternoon, from $62.50/bbl at 12:30 BST to $61.39/bbl at 16:45 BST. Prices met support here, recovering to $62.02/bbl at 17:00 BST (time of writing). In the news, Bloomberg has reported that Dangote Refinery
Brent appears to have consolidated around the $62/bbl handle this week, dropping from above $63/bbl on 14 Oct following the IEA’s report of a much graver supply glut than previously predicted. The volume of seaborne crude oil hit 1.25 billion
The Dec’25 Brent futures contract rose this morning, from $62.34/bbl at 04:00 BST to $62.54/bbl at 07:30 BST before falling to $62.22/bbl at 12:00 BST (time of writing). In the news, Reuters have reported that Indian refiners are preparing to
This week in Brent, we anticipate money managers to be bearish, trimming longs and adding to shorts. However, these volumes are expected to be offset by heavily risk-on producers/merchants this week, who are expected to add to both their longs
The Dec’25 Brent futures contract initially rose to $63.01/bbl at 14:00 BST before dropping to $61.83/bbl at 17:30 BST (time of writing). In the news, Reuters have reported that Russia’s Novorossiisk port has reached maximum export capacity, reaching 800kb/d last
The Dec’25 Brent futures contract has risen this morning, from $62.10/bbl at 05:00 BST to $62.45/bbl at 09:00 BST before meeting resistance and easing to $62.32 at 11:00 BST (time of writing). In the news, Bloomberg has reported that three
Despite buying Forties at the start of the week last week, Vitol disappeared from the North Sea window. Following this, the window dwindled to a lull mid-week, with no bids or offers placed for the first time since April 2025.
The Dec’25 Brent futures contract rose this afternoon, from $61.53/bbl at 12:00 BST to $62.40/bbl before easing to $62.00/bbl at 16:30 BST (time of writing). In the news, the IEA has reported a decrease in Russia’s crude oil and fuel
Saudi Arabia’s November crude allocations were released on 10 Oct, at around 39-39.5mb. This was the year’s second-lowest allocation, far below the 51mb for October. On the other hand, this value was well within the usual range, around 2mb difference
M1 Brent futures inched up to $66.55/bbl on 8 Oct, but sold off to a low of $62.10/bbl on 10 Oct, before rising to $63.10/bbl at the time of writing on 14 Oct. Still, the 10-day moving average (orange line)
The Dec’25 Brent futures contract has fallen this morning, from $63.56/bbl at 05:00 BST to $61.84/bbl at 10:30 BST. Prices met support at this level to reach $62.15/bbl at 11:00 BST (time of writing). In the news, Reuters reports that
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and NGLs….
The Dec’25 Brent futures contract fell early this afternoon, from $63.85/bbl at 12:00 BST to $63.10/bbl at 14:45 BST before recovering to $63.44 at 18:00 BST (time of writing). In the news, Reuters has estimated that Ukrainian strikes on Russian
View: Cautiously Bullish Target Price: $65/bbl Building room for more longs? The M1 Brent futures contract slid to its lowest level since early May 2025 on 10 Oct amid a long-awaited ceasefire between Israel and Hamas and a growing trade
In the week ending 7 Oct, Brent futures saw a dip in prices from $67.66/bbl on 30 Sep to $64.06/bbl on 2 Oct, before finding support and rising to $65.70/bbl on 7 Oct. Money managers reduced their long positions for
