The Dec’24 Brent futures contract weakened amid choppy price action from $74.39/bbl at 07:00 BST to $74.35/bbl at 11:25 BST (time of writing). Price action showed volatility throughout the morning while Iran issued a warning to Israel against retaliation for
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 Dec’24 Brent futures contract strengthened marginally this afternoon, trading at $73.96/bbl at 12:00 BST and reaching $74.20/bbl at 17:50 BST (time of writing). We saw volatility in price action throughout the afternoon amid the release of the IEA October
The Dec’24 Brent futures contract continued to weaken this morning, falling from $74.80/bbl at 08:25 BST to briefly dropping below $74/bbl at 10:20 BST. While the benchmark crude futures contract found support here, it fell to $73.88/bbl at 11:35 BST
The gasoline market has shown good strength in the past two weeks. The Dec’24 RBBR rose from below $8.00/bbl on 1 Oct to a high of over $10.25/bbl on 11 Oct before it softened to $9.85/bbl on 15 Oct. The
The Dec’24 Brent futures contract strengthened marginally this afternoon, trading at $73.96/bbl at 12:00 BST and reaching $74.20/bbl at 17:50 BST (time of writing). We saw volatility in price action throughout the afternoon amid the release of the IEA October
The water has been anything but calm here in the North Sea, with the Dated Brent complex surging up into October amid a more robust futures complex and supported physical differential.
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil, gasoline and propane swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
The Dec’24 Brent futures contract showed weakness throughout the morning, trading at $78.09/bbl at 07:00 BST and falling to just above the $77.00/bbl handle at 11:15 BST (time of writing). Price action has been weak amid a continuing lack of
The Dec’24 Brent futures contract strengthened slightly this afternoon, trading at $77.27/bbl at 12:00 BST and moving up to $77.36/bbl at 17:15 BST (time of writing). Despite a mid-afternoon rally to $78.10/bbl at 14:50 BST, price action saw downward pressure
This week, the Brent futures complex witnessed volatility amid the dichotomy between rising geopolitical tensions in the Middle East and nervousness surrounding oil demand growth in China, the world’s second-largest oil consumer. In the Middle East, the atmosphere remains tense
In the week to 08 Oct, managed by money positions saw mixed interest across the crude futures, with funds’ net positioning in Brent far more extreme. In Brent, money managers added a massive 75.7mb to long positions and closed 50.8mb
The Dec’24 Brent futures contract showed weakness throughout the morning, trading at $78.09/bbl at 07:00 BST and falling to just above the $77.00/bbl handle at 11:15 BST (time of writing). Price action has been weak amid a continuing lack of
This afternoon, the Dec’24 Brent futures contract showed gradual upward movement, trading at $78.65/bbl at 12:00 BST and inching up to $79.04/bbl at 17:30 BST (time of writing). We saw some volatility in price action, with an intraday high of
LNG prices continue to be affected by a regional escalation of the war in Gaza over the past fortnight….
