The Nov’25 Brent Futures contract initially rallied to $67.34/bbl at 09:22 BST, prices then fell to $66.80/bbl at 10:19 BST. At 11:10 BST (time of writing) prices trade at $66.86/bbl. In the news, Nigeria’s 650kb/d Dangote refinery has taken its
The November Brent Futures contract has seen a mixed afternoon session, initially rangebound between $67.70/bbl and $68.20/bbl before rallying to $68.33/bbl at 17:00 BST and subsequently falling to $67.90/bbl at the time of writing (17:15 BST). In headlines, Donald Trump
Despite hitting a high of $69.25/bbl this morning, the Nov’25 Brent futures contract has weakened since, falling below the previous day’s support level of $68/bbl, where it briefly regained support,
M1 Brent futures have largely traded between $67 and $69/bbl over the past week. Prices attempted to break above $69/bbl on 2 Sep. Immediate resistance is at $69/bbl, aligning with last week’s highs and July congestion zone. The next level
The Dated Brent market saw a volatile week, with the North Sea physical differential falling negative for the first time since May. There was a supply glut in the front, with WTI Midland cargos struggling to clear. However, the start
The front-month (Nov’25) Brent futures reached a low of $68.06/bbl at 14.00 BST and strengthened to $69.10/bbl at 17.25 BST (time of writing). Saudi Arabia is issuing new dollar Sukuk bonds, with five- and 10-year maturities, to help cover a
The November Brent Futures contract has seen a strong morning, rallying from $68.50/bbl at 08:00 BST to $69.37/bbl at the time of writing (11:30 BST). In headlines, the UK government, while sticking to its pledge not to issue new oil
Brent crude consolidated during August, with front-month prices trading between $65 and $69/bbl. Technically speaking, prices are in limbo. Brent’s average true range (ATR) is at its lowest since May 2024, and as Bollinger bands narrow, this suggests that prices
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and Fuel Oil Swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The front-month (Nov’25) Brent futures contract oscillated between $68.10/bbl and $68.35/bbl this afternoon. At the time of writing (17:48 BST), it sits at the lower end of this range, at $68.10/bbl
View: Neutral Target Price: $67-69/bbl
Nov’25 Brent futures traded down to $67.39/bbl at 21.51 BST last night, before reaching $68.24/bbl at 10.25 BST and softening to $68.03/bbl at 11.33 BST (time of writing). The Caspian Pipeline Consortium (CPC), which transports around 1.5% of global oil
In the week ending 26 Aug, M1 Brent futures strengthened from below $66/bbl to $67.30/bbl, noting resistance at a high of $69/bbl on 25 Aug. Prices have since traded sideways, with the M1 (now, Nov’25) sitting at $67.75/bbl at the
Nov’25 Brent futures reached $67.92/bbl at 13.55 BST but softened to $67.50/bbl at 17.23 BST (time of writing). EU foreign policy chief Kaja Kallas said secondary sanctions and energy-related measures would be the most effective tools to weaken Moscow’s ability
HSFO markets extended its bearish performance over the fortnight, as the front barge crack declined from -$4 to around -$6.50/bbl where it saw better support this week. This time, weakness was driven by Europe, where selling in barge spreads pushed
