The Sep’25 Brent crude futures briefly fell below $68/bbl but was supported above that level on Wednesday afternoon, trading at $68.22/bbl at 17:30 BST (time of writing). EIA stats indicated a 3.9mb draw in crude inventories in the week ending
The LPG market saw the crude rally and sell-off mirrored in the flat prices. The US market has been generally supported, with the front spread fairly flat. There was good LST/FEI selling from a major, but hedge buying in the
Brent crude futures have failed to see significant moves this week as it is sandwiched between the 100 and 200-day structural moving averages. The contract saw next to no net change in the week, rising from opening at $69.25/bbl on
The Sep’25 Brent futures contract fell to $68.21/bbl at 10:14 BST. Prices have since slightly recovered to $68.59/bbl at 11:30 BST (time of writing). In the news, several oilfields in Iraq’s semi-autonomous Kurdistan region have halted production after three consecutive
While the Bal-Jul’25 Brent/Dubai briefly ticked up from -$1.20/bbl on 1 Jul to -$0.65/bbl on 3 Jul, the contract sold off to a low of -$1.46/bbl on 15 Jul. Similarly, the Aug’25 Brent/Dubai weakened from -$0.09/bbl on 3 Jul to
The Sep’25 Brent futures contract fell to $68.78/bbl at 15:11 BST, before rallying up ot $69.31 at 16:31 BST. Prices have since fallen back to $68.80/bbl at 17:25 BST (time of writing). In the news, Iraq has signed a preliminary
The Dated Brent physical differential saw a choppy week, falling to $0.38/bbl on 10 July before rising to $0.71/bbl by 14 July. Phillips 66 and Chevron were offering Midland, while Mercuria joined Total on the buy side. Petroineos returned after
The M1 (Sep’25) Brent futures contract climbed from around $68.60/bbl at 08:20 BST this morning to a high of $69.35/bbl at 10:25 BST, but retreated to $68.80/bbl by 11:05 BST
Sep’25 Brent futures were under pressure this afternoon from $71.35/bbl at 13:30 BST to $69.55/bbl at 17:25 BST (time of writing). Although Trump warned of possible 100% secondary tariffs on Russia if a ceasefire isn’t achieved within 50 days, the
The Sep’25 Brent crude futures climbed higher last week, closing above $70/bbl and opening higher on Monday morning, reaching $71/bbl. Prices are at their highest level since the late June sell-off. We expect prices to remain elevated this week, with
Another week brings another selection of new trade ideas from Onyx Research. This week, we look at trades in Crude and Fuel Oil swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
In the week ending 8 Jul, exchange open interest in Brent and WTI futures increased by a combined 73.9mb (+1.60%) following three consecutive weeks of de-risking.
The Sep’25 Brent futures rallied to $71.19/bbl at 08.48. Prices fell to $70.76/bbl but bounced back to $71.46/bbl at 11:05 BST (time of writing). In the news, China’s crude oil imports surged to 12.14 mb/d in June, a 7.4% y/y
The Sep’25 Brent futures contact continued rallying in the afternoon to $70.41/bbl at 17:15 BST (time of writing). In the news, Russia plans to fully compensate for overproducing oil beyond its OPEC+ quota in August and September, in line with
The Sep’25 Brent Futures contract fell to $68.56/bbl at 09:54 BST before rallying up to $69.04/bbl at 11:40 BST (time of writing). In the news, Saudi Arabia’s crude oil exports to China are set to rise to the highest levels
