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Heads of Desk: Top of Mind – Episode 44

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 21 April 2026
21 April 2026

NASDAQ Closes at Highs (Again), US-Iran Agreement in 6 Months, Treasuries

Nasdaq streaks higher; geopolitics strain energy; jet fuel risk in Europe; bond warning; data signals rising stagflation pressure.
17 April 2026

Latest reports

Naphtha E/W

In this edition, we look at the May’26 Naphtha E/W
24 April 2026

Brent surges past $105/bbl

The Jun'26 Brent futures contract rallied from a low of $101.40/bbl around 13:10 BST this afternoon to $105.40/bbl at 18:20...
4 page report
23 April 2026

You get a blockade, and you get a blockade! Everyone gets a BLOCKADE!

The good news: the ceasefire is extended, diplomacy is prevailing; the continued pause of kinetic action is very welcome. The bad news....
16 page report
23 April 2026

Brent Hits $104.70/bbl

Brent extends rally above $103/bbl; traffic through SoH grinds to a halt; European refineries on "max jet mode"
4 page report
23 April 2026