M1 Brent futures continued to trade in a narrow range around $65/bbl over the week. On the upside, the immediate resistance lies at $67/bbl, aligning with the upper Bollinger Band, the top of the May price range, and the late-April
The Aug’25 Brent futures contract rallied all afternoon to $65.86/bbl at 17:11 BST, but has since softened a little to $65.66/bbl at 17:40 BST (time of writing). In headlines, Venezuela’s May oil exports held steady at ~779kb/d, with rising shipments
The now Bal-Jun’25 Brent/Dubai differential continued to see bids towards the end of May, with the support compounded by…
The Dated market saw an exceptional rally to start June as the physical received strong bids. There was stronger demand from European refiners returning from maintenance, with just over 1mb/d of unused capacity expected to be reduced from May to
The Aug’25 Brent futures reached $65.23/bbl at 02.00 BST before softening to $64.80/bbl at 11.50 BST (time of writing). The Dollar Index slid to a six-week low of 98.16, marking a 3.3% drop since mid-May amid continued weakness. Venezuela’s oil
The adage ‘sell in May and go away’ had partial merit last month, as the front-month Brent futures contract initially moved lower…
The Aug’25 Brent futures contract initially continued rallying up to $65.68/bbl at 14:15 BST, but then fell off to $64.50/bbl at 15:02 BST. Prices have since recovered to $65.05/bbl at 17:30 BST (time of writing). In the news, Kazakhstan’s Kashagan
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
Aug’25 Brent crude futures opened higher at $64/bbl on Monday morning, nearly $1.50 up on Friday’s close. This comes following heightened geopolitical risk as Ukraine launched attacks on Russian airfields and an IAEA report indicating a recent Iranian buildup of
In the week ending 27 May, the crude oil futures (Brent and WTI) saw price consolidation. Total managed-by-money length in the two futures benchmarks saw just under 5.0mb added w/w (1.08%) alongside a 17.9mb addition of shorts (9.17%). Brent futures
The Aug’25 Brent futures contract gapped up at open in a $1.47/bbl move to $64.12/bbl. Prices rallied all morning to $65.09/bbl at 11:50 BST (time of writing). The move comes as OPEC+ confirmed it would raise output by $411kb/d for
The Aug’25 Brent futures contract fell in a $1.43/bbl move down to $62.53/bbl at 13:47 BST. Prices then traded between $62.40/bbl and $63.04/bbl for the rest of the afternoon and at 17:20 BST (time of writing) were trading at $62.45/bbl.
The soon-to-be-M1 Aug’25 Brent futures contract climbed from around $63.00/bbl at 08:10 BST this morning to $63.75/bbl at 10:05 BST, where it initially met resistance but ultimately retraced to $63.77/bbl at 11:20 BST (time of writing). Meanwhile, the Jul’25 Brent
We began with yet another flat week in Brent, before prices broke into the $66/bbl handle on 29 May. This support emerged from a US Federal Court blocking President Donald Trump’s tariffs, including the pre- “Liberation Day” fentanyl tariffs on
The Aug’25 Brent futures contract fell most afternoon to $63.14/bbl at 15:18 BST. Prices have risen slightly to $63.43/bbl at 17:40 BST(time of writing). In the news, the EIA reported that US crude inventories fell by 2.8 mb last week
