The Aug’25 Brent futures fell to $73.92/bbl before bouncing back to $74.95/bbl. Prices fell for the rest of the afernoon to $73.49/bbl at 17:45 BST (time of writing). In the news, The IEA stated it was prepared to release oil
The Aug’25 Brent futures contract gapped up overnight, firstly to $74.19/bbl then gapped up again to $77.72/bbl atround 04:00 BST. Prices fell in the morning to $73.36/bbl at 08:09 BTS before bouncing back to $75.16/bbl at 11:30 BST (time of
The gasoline market remains broadly bearish, with front-month European cracks under pressure and participants showing little urgency to add length. Jul’25 EBOB cracks fell to $14.50/bbl, their lowest level since late April. The Jul/Aug/Sep EBOB fly weakened further to -$5.50/mt,
Price action never lies, and renewed fears of geopolitical risk in the Middle East saw Brent flirt with 70, with prices reaching their highest level since OPEC+ first announced their output hike.
The Aug’25 Brent futures contract rallied this afternoon from $68.45/bbl at 13:00 BST to $69.80/bbl at 17:00 BST before softening to $69.50/bbl at 17:15 BST (time of writing). US Energy Secretary Chris Wright said it’s “unlikely” oil production will fall
The Aug’25 Brent futures contract bounced around $69/bbl, before falling to $68.68/bbl at 10:35 BST. Prices then softened further to $68.63/bbl at 11:31 BST (time of writing). In the news, US has evacuated non-government personnel from several Middle Eastern countries
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
The Aug’25 Brent futures contract saw a volatile afternoon with prices bouncing between $67.76/bbl and $68.29/bbl. Prices then rallied to $68.35/bbl at 17.30 BST (time of writing). In the news, US crude inventories fell by 3.6 mb in the week
The Aug25 Brent futures contract fell off slightly to $66.54/bbl at 10:12 BST before rallying to $67.75/bbl at 11: 35 BST(time of writing). In the news, the Kremlin criticised the European Commission’s proposal to lower the G7 price cap on
The M1 Brent futures contract recorded more support this week, climbing from a weekly nadir of $64.50/bbl on 3 Jun to $67.45/bbl at the time of writing on 10 Jun, its highest level since 23 April.
The Aug’25 Brent futures contract slightly fell off to $67.13/bbl before rallying to $67.95/bbl at 16:35 BST. Prices have since softened to $67.47/bbl at 17:45 BST (time of writing). In the news, US-China trade talks continue in London, President Trump
Well, the bull run did happen, and it was the perfect storm. Peak summer demand. Backwardated prompt spreads. Refineries are back from maintenance. Gold rush. The Dated structure saw a good rally with Total bidding the physical, and the June
The Aug’25 Brent crude futures reached a daily low of $66.95/bbl at 08:45 BST before it was more supported to $67.25/bbl at 11:30 BST (time of writing). The European Commission is planning to propose a fresh set of sanctions against
The Aug’25 Brent futures contract fell to $66.32/bbl at 14:36 BST before rallying to $67.06/bbl. Prices have since softened to $66.63/bbl at 17:40 BST (time of writing). In the news, OPEC’s oil output rose by 150 kb/d in May, reaching
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in Crude and Distillate swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
