The Nov’25 Brent Futures contract jumped up to $67.10/bbl at 14:04 BST. Prices then traded between $67.33/bbl and $66.82/bbl. At 16:30 BST prices fell to $66.72/bbl and continued falling to $66.55 at 17:45 BST (time of writing).
The Dubai market has been rife with uncertainty over the past week: we began the week commencing 1 Sep gapping lower with the market increasingly oversaturated towards selling.
The North Sea physical differential remained pressured below the $0/bbl mark over the past week amid continued offers in the physical. The front of the curve has seen considerable sell side interest from majors and trade houses. September structure sees
Nov’25 Brent futures opened higher overnight Monday, rebounding from $65/bbl levels and approaching $67/bbl, trading $66.74/bbl by 11:30 BST (time of writing). Prices rose despite the OPEC+ decision to raise output in October by 137kb/d, given that some members were
The Nov’25 Brent futures contract climbed to a high of $67.04/bbl at 12:50 BST this afternoon but softened to $65.85/bbl by 15:00 BST, where it marked a floor and sits at $66.05/bbl at the time of writing (17:25 BST).
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Naphtha and Fuel Oil Swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
In the week ending 02 Sep, M1 Brent futures rose to 1-month highs of $69.50/bbl. However, the $70/bbl resistance proved too great a hurdle, and prices subsequently weakened later in the week.
Target Price: $67-69/bbl View: Bullish Following a weaker end to last week ahead of Sunday’s OPEC+ meeting, we expect the M1 Brent futures to see more support on low volatility and thin liquidity amid APPEC in Singapore this week, expecting
Nov’25 Brent futures opened higher overnight Monday, rebounding from $65/bbl levels and approaching $67/bbl, trading $66.74/bbl by 11:30 BST (time of writing). Prices rose despite the OPEC+ decision to raise output in October by 137kb/d, given that some members were
The Nov’25 Brent Futures contract dropped in just over a minute in a huge $0.65/bbl move down to $65.54/bbl at 13:53 BST. Prices continued falling throughout the afternoon and at 17:20 BST (time of writing) were trading at $65.16/bbl. The
Nov’25 Brent futures came off below $67/bbl on Thursday evening, falling to lows of $66.60/bbl. It has traded within a narrow 40c range, and as of Friday morning, is struggling to break back above $67/bbl. In the news, Ukrainian drones
The Oct’25 EBOB crack hit a contract high of $14.15/bbl on 04 Sep, lifted by strong RBBR and threats to supply security in Europe. Trade houses trimmed shorts as open interest exceeded the 5-year average, though some long entries may
Brent futures kicked off Sep filled with vigour, touching $69.55/bbl on 2 Sep, which ultimately met heavy sell-side interest. For the technical traders, 3 Sep printed a bearish Marubozu candle in the M1 futures contract,
Nov’25 Brent futures was fairly rangebound on Thursday afternoon, trading with a $1/bbl range between $66.30 and $67.20/bbl. $66.50/bbl appears to be a key short-term support level, with prices seeing support there on 26-27 Aug, where they also faced resistance
In the week ending 02 Sep, the M1 (Nov’25) Brent futures contract strengthened up to $69.50/bbl from the $67/bbl level. Prices edged higher as geopolitical risks came back into focus, where Ukraine continues to ramp up attacks on Russian oil
