Going into Christmas, it’s all quiet in the oil market as we recycle through the usual market narratives while Brent slowly ticks lower, falling below $62/bbl by 11 Dec (time of writing). The 50-day moving average is proving to be
The Feb’26 Brent Futures Contract fell from $61.56/bbl at 13:22 GMT to $60.85/bbl at 16:30 GMT. Prices have since recovered slightly to $61.04/bbl at 17:20 GMT. In the news, Ukrainian President Volodymyr Zelenskiy has raised the possibility of a referendum
The HSFO market has continued to be under pressure. The Jan’26 3.5% barges crack, falling from -$6.50/bbl on 28 Nov to -$9.20/bbl on 10 Dec. The price is testing the support reached in January, but if it passes this, we
Feb’26 Brent futures dropped from $62.37/bbl at 20.34 GMT to $61.33/bbl at 10.08 GMT (time of writing). President Donald Trump announced that US forces have seized a large oil tanker off Venezuela’s coast, signalling a significant escalation in Washington’s pressure
In the week ending 09 Dec, the M1 Brent futures contract initially rose from $62.44/bbl on 02 Dec to the week’s high of $64.09/bbl on 05 Dec. Levels were supported early in the week by failed peace talks between the
The Feb’26 Brent futures contract initially eased this afternoon, from $62.30/bbl at 13:00 GMT to $61.38/bbl at 16:00 GMT. Prices met some support here, rising to $61.78/bbl at 17:00 GMT (time of writing). In the news, the US has extended
The Feb’26 Brent futures contract has traded rangebound around the $62/bbl handle this morning, sitting at $62.09/bbl at 10:45 GMT (time of writing). In the news, Kazakhstan’s energy ministry announced plans to reroute some oil from the Kashagan oil field
The Feb’26 Brent futures contract eased from $62.78/bbl at 12:15 GMT to $61.93/bbl at 17:00 GMT (time of writing). In the news, Reuters reported that Russia’s Syzran oil refinery (production 90kb/d in 2024) ceased processing on 05 December after being
Despite limited flows since our last report on 03 Dec, there has finally been an introduction of some volatility in the M1 (Jan’26) Brent/Dubai contract as prices surged 38c d/d from -$0.66/bbl on 08 Dec to -$0.28/bbl on 09 Dec
Christmas is just around the corner, and Dated bulls are making a last-minute bid to get on Santa’s ‘nice’ list. Total have consistently been on the buy side of WTI Midland over the past week, and paper flows this week
The M1 Brent futures contract has been quite rangebound over the week, trading between $62 and $64/bbl. The 50-day moving average continues to prove a challenge for prices to break above, and so $63.68/bbl is the major resistance level here.
The Feb’26 Brent futures reached an early morning low of $62.25/bbl at 06.10 GMT, strengthened slightly to above $62.50/bbl at around 07.30 GMT and softened slightly to below $62.40/bbl at 09.30 GMT (time of writing). Saudi Arabia’s crude exports to
The European and Asian naphtha markets saw diverging fortunes as the M1 East/West reached highs of $40/mt last week. Eastern strength was driven by a combination of softer crude, MOPJ MOC buying, and propane strength. Given the continued narrowing of
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline and Naphtha. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on
The gasoline complex has reversed sentiment from its recovery last week, showing a weaker performance. This weakness has coincided with a 4.52mb (+2.2% w/w) build in US gasoline inventories for the week ending 28 November; current stock levels are on
