The Aug’25 Brent futures contract initially fell to $67.33/bbl before rallying up to $68.74/bbl at 17:31 BST (time of writing). In the news, Shell has entered early-stage discussions to acquire rival BP, according to a Wall Street Journal report citing
The Aug’25 Brent futures contract initially rallied to $68.45/bbl at 08:50 BST before falling to $67.72/bbl at 11:25 BST. Prices have since fallen further to $67.65/bbl at 11:25 BST (time of writing). In the news, according to the API, US
It was quite the turnaround in Brent this week. Markets did a quick 180 as Middle East tensions de-escalated following Iran’s telegraphed attack at a US military base in Qatar, in retaliation for American strikes against its nuclear sites. The
The Aug’25 Brent Futures contract initially rallied to $69.26/bbl at 14:08 BST but quickly fell off to $67.78/bbl. Prices have since fallen further to $66.93/bbl at 17:50 BST (time of writing). The drop in price comes after US President Trump
The M1 Brent futures contract opened at $70/bbl on 13 Jun and subsequently rallied to a peak of $81/bbl on 23 Jun, its highest level since January 2025. However, prices sharply sold off to $71/bbl on 23 Jun and retreated
The Aug’25 Brent Futures contract gapped down to $69.62/bbl at market opening and continued falling to $67.68/bbl at 07:43 BST before recovering to $69.86/bbl at 09:08 BST. Price have since come off to $69.49/bbl at 12:00 BST (time of writing).
In the week ending 17 June, open interest declined in the benchmark crude futures contracts (Brent and WTI futures). Brent and WTI futures saw a combined open interest dip of nearly 175mb (-3.55%) this week. Still, managed-by-money players were bullish
Another week brings another selection of new trade ideas from Onyx Research. This week, we focus on geopolitical risk and look at trades in Crude and Distillates swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on
The Aug’25 Brent Futures contract fell off to $75.99/bbl at 15:22 BST before recovering to $77.30/bbl at 17:30 BST. Prices then dropped to $75.18/bbl at 17:45 BST (time of writing). The price drops comes after reports of Iran launching attacks
Brent crude futures rose by 11% over the past week, reaching 5-month highs as the Iran-Israel conflict worsened, with the market pricing in a higher geopolitical risk premium. In the latest escalation, strikes from the US on Iranian nuclear sites
The Aug’25 Brent futures gapped up to $79.16/bbl at market opening. Prices then started falling throughout the morning to $76.44/bbl at 09:16 BST, before bouncing back to $77.56/bbl at 11: 34 BST (time of writing). The hike comes after the
The Aug’25 Brent crude futures rose from $76.02/bbl at 13:29 BST to $76.91/bbl at 14:52 BST and softened to $76.60/bbl at 17:10 BST (time of writing). The UK is withdrawing embassy staff from Iran as a precaution amid ongoing exchanges
In High Sulphur Fuel Oil (HSFO), Geopolitical headlines initially drove cracks and spreads sharply higher, but the rally was quickly sold off, with the 380-grade structure giving back its gains. Early strength came from reports of stronger Egyptian HSFO demand
The Aug’25 Brent crude futures saw a choppy Friday morning, with lows of $76.26/bbl and highs of $77.50/bbl, trading at $77/bbl at 11:30 BST (time of writing). Prices are on track for a third consecutive weekly gain. Markets are tentative
On Wednesday, JP Morgan said their estimated Brent fair value stood at $66/bbl, considering the low probability of the Strait of Hormuz entirely shutting down. The M1 Brent futures, however, rallied to $76/bbl this day and now stands at $78.65/bbl
