In line with these price movements, Flux Insight’s CFTC Predictor anticipates an unwinding of long managed-by-money positioning and rise in speculative shorts in ICE Brent futures and ICE gasoil futures in the week ending 5 Aug.
The Oct’25 Brent crude futures weakened on Wednesday afternoon, falling from $69/bbl to $67.20/bbl before rebounding towards $68/bbl by 17:45 BST (time of writing). In the news, Saudi Aramco raised the OSP for Arab Light to Asia by $1/bbl to
The Oct’25 Brent futures contract has seen more support since declining to $67.55/bbl at 21:05 BST on 5 Aug. Prices have since risen to $68.65/bbl at 11:23 BST (time of writing), and appear to be meeting resistance at the $68.70/bbl
Brent crude futures softened this week after rallying from $69.87/bbl on 29 Jul’s open to close just below $73.50/bbl the next day. The contract dropped to $67.65/bbl on 05 Aug at the time of writing, breaking below the previous uptrend.
While outright values suggest that the physical market is tight, whether or not this translates to a bullish market is a subjective matter. Notional values are high, but CFD rolls continue to roll down weekly. The 21-25 July 1-week roll
The Oct’25 Brent Futures contract fell to $68.75/bbl at 08:57 BST. Prices then traded rangebound between $68.99/bbl and $68.80/bbl before falling to $68.60/bbl at 11:30 BST (time of writing). In the news, OPEC+ agreed to a September output increase of
The Oct’25 Brent Futures contract initially rallied to $68.79/bbl at 08:23 BST before falling to $68.02/bbl at 11:00 BST (time of writing). In the news, Saudi Aramco reported a 22% drop in Q2 profit to $22.7 Bn amid falling crude
The frenzy over geopolitical tensions between Israel and Iran that sent the oil price rocketing in June gave way to calmer price action in July. Brent consolidated in a range, sandwiched between its structural 100 and 200-day moving averages. With
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Crude Oil and NGL swaps, and review our trades from July 2025.
The front-month (Oct’25) Brent futures contract eased from $68.60/bbl at noon today to $68.10/bbl at 14:10 BST, where prices met support and climbed to $69.35/bbl by 16:35 BST. Nevertheless, the futures contract eventually retreated to $68.85/bbl at the time of
Although prices approached $73/bbl last week, the Oct’25 Brent crude futures closed below $70/bbl on Friday following a soft US nonfarm payrolls reading. Meanwhile, over the weekend, it was announced that OPEC+ has completed the unwinding of its 2.2mb/d of
In the week ending 29 Jul, the two major crude oil futures benchmarks (Brent and WTI futures) strengthened, buoyed by rising risk to global supplies as the US threatened to levy sanctions on buyers of Russian energy. There has been
The Oct’25 Brent Futures contract fell to $68.75/bbl at 08:57 BST. Prices then traded rangebound between $68.99/bbl and $68.80/bbl before falling to $68.60/bbl at 11:30 BST (time of writing). In the news, OPEC+ agreed to a September output increase of
High Sulphur Fuel Oil saw a fortnight of two halves. The 3.5% barge crack initially rallied on short covering flows in the prompt. However, prices quickly retreated from elevated levels, exacerbated by stronger crude. Aug’25 prices saw highs of -$0.50/bbl
The Oct’25 Brent Futures fell from $71.82/bbl at 13:42 BST to $69.63/bbl at 17:15 BST (time of writing). In the news, OPEC+ is expected to approve another oil output increase at their upcoming meeting on Sunday, though the size of
