Brent Forecast: 15th September 2025
September 15, 2025
View: Bullish Target Price: $67-69/bbl
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CFTC Weekly: Rise of the Speculative Shorts
September 15, 2025
13 page report
In the week ending 09 Sep, both Brent and WTI saw net losses. There was chatter about an early OPEC+ supply hike…
Overnight & Singapore Window: Brent sub-$67.15/bbl
September 15, 2025
5 page report
This morning, the Nov’25 Brent Futures contract has a Doji daily candle reflecting little net change. The contract reached $67.53/bbl at 07.10 BST but softened to $67.14/bbl at 11.37 BST (time of writing). US and Chinese officials, led by Treasury
European Window: Brent Trades Up To $68/bbl
September 12, 2025
4 page report
Nov’25 Brent futures has consolidated after the Friday morning rally which saw prices rise by over $2 up to $68/bbl before coming off to $67.50/bbl at 17:00 BST (time of writing). Despite a relatively large intraday trading range, from a
Fuel Oil Report – Huge VLSFO Pressure
September 12, 2025
17 page report
HSFO found a floor in the past two weeks, as the front 3.5% barge crack has started to inch up again following some losses at the start of the month. In the fortnight ending 12 Sep, the Oct’25 barge crack
Overnight & Singapore Window: Brent Rallies to $66.89/bbl
September 12, 2025
5 page report
The Nov’25 Brent Futures contract rallied all morning to $66.89/bbl at 10:38 BST before softening a touch to $66.76/bbl at 11:15 BST (time of writing). In the news, Japan will lower its price cap on Russian crude oil from $60/bbl
European Window: Brent to $66.40/bbl
September 11, 2025
4 page report
Nov’25 Brent Futures softened from $66.57/bbl at 15.00 BST to $66.40/bbl at 17.55 BST (time of writing). Crude oil losses in Nigeria dropped to 9.6 kb/d in July 2025, their lowest in 16 years, according to the NUPRC. The fall
Trader Meeting Notes: More of the same
September 11, 2025
16 page report
There have been a lot of nothingburgers in the oil market lately, and Brent’s price action is experiencing increased exhaustion. Over the past week, it fluctuated between the $65-68/bbl level.
Naphtha Report: Continued Asian-driven Support
September 11, 2025
15 page report
The naphtha market has continued to be supported this fortnight. Asia stayed firm after a refinery outage removed ~425 kb, with most absorbed in the East MOC, keeping prices and spreads bid. Cracks in both regions strengthened, which seems due
Overnight & Singapore Window: Brent trades in the low $67 handle
September 11, 2025
5 page report
The Nov’25 Brent futures contract has been fairly rangebound between $67 and $67.50/bbl this morning, sitting at $67.07/bbl at the time of writing (11:15 BST). In its Oil Market Report..
CFTC Predictor: Hedgers step in, speculators step out
September 11, 2025
9 page report
Flux Insight’s CFTC predictor expects a removal of 12.4mb in long speculative risk in the week ending 9 Sep. Should this hold, it would mark the…
LPG Report: Shorts stop out in C3 CP?
September 10, 2025
17 page report
Oct’25 Mont Belvieu TET propane (C3 LST) firmed from 69.375c/gal (29 Aug) to 72.25c/gal (10 Sep, time of writing). Exchange-traded open interest (OI) rose 6% w/w to 35.5mb on 8 Sep.
European Window: Brent Rallies to $67.69/bbl
September 10, 2025
4 page report
The Nov’25 Brent Futures contract initially traded rangebound between $67.17/bbl and $66.77/bbl before jumping up to $67.45/bbl at 16:09 BST. Prices continued rallying to $67.69/bbl at17:30 BST (time of writing). In the news, the EIA reported that US oil inventories
Overnight & Singapore Window: Brent Recovers to $67.85/bbl
September 10, 2025
5 page report
The Nov’25 Brent Futures contract rallied from $66.82/bbl at 09:03 BST to $67.09/bbl at 09:27 BST. Prices then fell to $66.74/bbl at 10:30 BST before slightly to $66.85/bbl at 11:20 BST (time of writing). In the news, Chevron plans to
Technical Analysis Report: Engulfment
September 9, 2025
8 page report
M1 Brent futures attempted to break above $69/bbl on 2 Sep, where they met resistance and softened to $65/bbl on 5 Sep, before ultimately rising to $66.60/bbl at the time of writing on 9 Sep. Immediate resistance sits at the