We have seen trading volumes remain extremely low in December. This week, the M1 Brent/Dubai remained in its tight range between -$0.90/bbl and -$0.55/bbl, as it has been for most of November, as it moved sandwiched between the 100-day and
The M1 ICE LS gasoil swap crack has been under pressure, having closed at $28.35/bbl on 25 Nov, to remain flat at $26.00/bbl from 01-02 Dec. The contract is yet to break the 100-day moving average (orange line) meaningfully, with
The Feb’26 Brent futures contract eased this morning, from $63.32/bbl at 17:40 GMT to $63.00/bbl at 10:00 GMT (time of writing). In the news, Turkey’s Maritime Affairs Directorate reported that the MIDVOLGA-2 vessel, a Russian-flagged tanker loaded with sunflower oil,
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in NGL and Crude Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on
The gasoline complex quickly rebounded from the brief bout of weakness seen in the second half of November….
The naphtha swaps market has been relatively sideways when looking at the cracks, but the strength in Asia has continued to outpace its European counterpart. We are starting to see some better selling at these very strong levels. South Korea
Uncertainty remained the only constant in the oil market this past month. Participants quickly shifted from wearing their “oil glut” hats to “Ukrainian drone attack hats” before ultimately tossing both aside to fret instead about the US government shutdown, the
The Feb’26 Brent futures contract broke the $63/bbl handle this afternoon, before easing to $62.97/bbl at 17:00 GMT (time of writing). In the news, the Caspian Pipeline Consortium (CPC) stated that it has resumed oil shipments from Sing-Point Mooring 1
View: Bearish Target Price: $60-63/bb Downtrend holds in a tense and murky market. Brent is drifting with no real trend and bearish momentum. We anticipate the downtrend to continue and Feb’25 to end the week between $60-63.00/bbl. Geopolitically, there are
In the week ending 25 Nov, the M1 ICE Brent futures contract initially fell from a high of $65.07/bbl on 18 Nov to the week’s low of $61.87/bbl on 21 Nov. Prices met some support here, rising to $62.49/bbl by
Feb’26 Brent futures reached a high of $63.74/bbl at 08.37 GMT this morning before slipping to $63.45/bbl at 10.32 GMT (time of writing). OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026. Despite easing some
The Feb Brent Futures has seen a stronger afternoon, trading steadily up from around $62.70/bbl to $63.24/bbl where it prints at the time of writing, 17:30 GMT…
Feb’26 Brent futures rose overnight, from $62.72/bbl at 01.39 GMT to reach $63.26/bbl at 08.29 GMT before slipping to $63.00/bbl at 10.03 GMT (time of writing). A data centre cooling issue at CME Group has forced a halt in trading
Happy Thanksgiving! Just like a well-stuffed turkey roast, the market has gobbled up refinery margins, with the M1 margin dropping from nearly $16/bbl on 18 Nov to $11.50/bbl on 27 Nov, bringing it back within the 5-year range. Gasoil has
The Feb’26 Brent futures contract traded in the $62/bbl handle this afternoon, from $62.39/bbl at 13:30 GMT to $62.80/bbl at 16:20 GMT. Prices have since settled to $62.64/bbl at 17:00 GMT (time of writing). In the news, Russian President Vladimir
