The Nov’25 Brent Futures Contract found support early this afternoon, rising to $67.17/bbl at 14:00 BST before falling briefly to $66.99/bbl at 15:00 BST and recovering to $67.14/bbl at 17:00 BST. In Nigera, a meeting between the Nigerian government, the
M1 Brent futures failed to push through to the other side of the Ichimoku cloud this week. The contract rose from a $66.10/bbl low on 23 Sep to see a Doji on 26 Sep with a high of $70.77/bbl on
The Nov’25 Brent Futures Contract dipped this morning, trading from $67.66/bbl at 02:00 BST to $67.34/bbl at 11:00 BST (time of writing). In the news, Nigerian oil union PENGASSAN launched a nationwide strike, escalating tensions in Africa’s top producer with
Gasoline Summary
The gasoline complex saw cracks initially correct lower before finding renewed strength at the end of last week, following the news from Dangote. On 28 Sep, Nigeria’s oil workers’ union, PENGASSAN, has ordered members to cut crude
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and Naphtha….
The Nov’25 Brent Futures Contract fell this afternoon, dropping nearly $2 from $69.03/bbl at 13:00 BST to $67.87/bbl at 17:46 BST (time of writing). Kurdistan also restarted crude oil flows on Saturday, with export volumes expected to reach full capacity
Crude prices pulled back initially as resumed Kurdistan exports reinforced bearish prices early during the week ending 23 Sep. However, renewed tensions between Russia and Ukraine pushed prices upward amid ongoing drone attacks on Russian refineries as well as US
View: Bearish Target Price: $67/bbl The M1 Brent futures contract rallied to nearly $71/bbl on 26 Sep, breaking out of a triangle they had previously consolidated around. However, prices met resistance here and sit at $69/bbl at the time of
The Nov’25 Brent Futures Contract initially rallied to $69.59/bbl at 06:00 BST before falling to $69.03/bbl at 11:21 BST (time of writing). In the news, OPEC+ is likely to approve another oil production hike of at least 137kb/d at its
The Nov’25 Brent Futures Contract rallied to $70.75/bbl at 16:02 BST before softening to $60.26/bbl at 17:33 BST (time of writing). In the news, Dangote Petroleum Refinery has reportedly laid off all of its Nigerian workers, citing a “total reorganisation”
The Nov’25 3.5% barge crack rallied sharply this week, after struggling to break above the -$6.70/bbl handle in the week ending 19 Sep. Prices subsequently rallied from -$6.90/bbl on 19 Sep to above -$5/bbl on 25 Sep, which met resistance,
The Nov’25 Brent futures contract has fallen this morning, from $69.66/bbl at 02:00 BST to $69.19/bbl at 11:30 BST (time of writing). In the news, another Russian refinery (Afipsky Oil) was targeted overnight on Friday by Ukrainian drones, suffering a
The Nov’25 Brent futures initially traded down to the $68.50/bbl level before climbing back towards $69.30/bbl, where prices have faced resistance over the past day. The next hurdle would be the psychological $70/bbl level. In the news, Indian officials have
The naphtha market has weakened. Naphtha stocks at the Amsterdam-Rotterdam-Antwerp (ARA) hub fell 18% from record highs to 547,000 tons, Insights Global data showed. East Asia’s petrochemical sector is undergoing its largest restructuring in decades, with China, Korea, and Japan
What a week it has been for the M1 Brent futures contract, which finally broke out of a long consolidation phase to sit at $69.30/bbl at the time of writing on 25 Sep. Technical traders would appreciate that the M1
