After closing below $60/bbl for the first time since early 2021, the Feb’26 Brent futures bounced higher on Tuesday morning and retraced above $60/bbl, as markets saw a bullish reaction to a headline stating new Russia sanctions being planned by
The Feb’26 Brent futures contract has fallen below $61/bbl this afternoon, falling from $61.10/bbl at 13:10 GMT to $60.15/bbl at 16:45 GMT. Prices have since risen to $60.33/bbl at 17:00 GMT (time of writing). In the news, Reuters reported that
Brent futures has fallen below $60 intraday on 16 Dec (time of writing), and the bears are finally feeling vindicated….
The leading headline in the Dubai market has been the entire Dubai spread structure falling into contango on 16 Dec (time of writing). Jan/Feb’26 Dubai dropped into the negatives, from 21c/bbl on 09 Dec to -7c/bbl on 16 Dec. With
The Feb’26 Brent futures contract fell from $60.62/bbl at 19.30 GMT, dropping overnight to break below $60.00/bbl this morning at $59.50/bbl at 10.09 GMT (time of writing). China increased crude oil buying for storage last month, with a surplus of
The M1 Brent futures contract has grinded lower over the week, with five lower closes over the past six sessions. On Monday, prices saw intraday lows of $60.12/bbl, closing at $60.39/bbl, the lowest close of the year since 5 May.
The Feb’26 Brent futures contract has fallen below $61/bbl this afternoon, falling from $61.10/bbl at 13:10 GMT to $60.15/bbl at 16:45 GMT. Prices have since risen to $60.33/bbl at 17:00 GMT (time of writing). In the news, Reuters reported that
The gasoline complex has continued last week’s decline, coinciding with a 6.4mb build (+3% w/w) to US gasoline inventories for the week ending 05 December. The front RBOB swap crack has fallen from $13.41/bbl on 08 Dec to $12.89/bbl on
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Fuel Oil, Gasoline and Crude Oil swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and
European and Asian naphtha markets remain divergent, with flows and positioning driving price action. The Jan’26 NWE naphtha crack continues to hover around -$4.30 to -$4.50/bbl, but elevated open interest near five-year highs and persistent sell-side flows point to downside
The Feb’26 Brent futures contract eased this morning from $61.48/bbl at 06:30 GMT to $61.14/bbl at 10:00 GMT (time of writing). In the news, official data show that Chinese refiners processed 14.9mb/d of crude oil in November, a slight decrease
View: Cautiously Bearish Target Price: $60-62/bb Last week, the Feb’26 Brent crude futures closed lower, falling from $63/bbl at the start of the week as prices test the $61/bbl support level. For the past two months, Brent has been slowly,
In the week ending 09 Dec, the Feb’26 ICE Brent futures saw a net drop from $62.45/bbl on 02 Dec to $63.75/bbl on 05 Dec to $61.94/bbl on 09 Dec. This continues the overarching pattern of crude being weak, but
The Feb’26 Brent Futures contract fell from $61.31/bbl at 13:30 GMT to $60.85/bbl at 15:59 GMT. Prices then rallied to $61.35/bbl at 17:47 GMT (time of writing). In the news, Russian state oil and gas revenue is projected to drop
The Feb’26 Brent futures is trading higher than levels from Thursday afternoon, when prices briefly fell below $61/bbl. Prices touched highs of $61.80/bbl on Friday morning before falling by 50c since 17:00 SGT to $61.30/bbl by 17:45 SGT (time of
