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Heads of Desk: Top of Mind – Episode 51

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 09 June 2026
9 June 2026

China exports surge 19%, Korea and Saudi GDP beat forecasts, markets steady after selloff.

China exports surge 19%, Korea and Saudi GDP beat forecasts, oil eases on Iran peace talk, markets steady after selloff.
9 June 2026

Latest reports

Brent to $90/bbl

US trade deficit narrowed; Kuwait resumes oil exports to Asia; India offers jet fuel hedge.
4 page report
9 June 2026

Dramatic Crossroads

Brent/Dubai rebounds to $5.50/bbl amid hedge buying flows on ADNOC tender; backend Brent/Dubai remains well offered
9 June 2026

Re-Evaluation

Brent stays rangebound near $93, with $100 resistance above and key technical support around $90-$87 below.
9 page report
9 June 2026

Brent Weaker at $92.20

China oil imports hit 8yr low; Iraq reroutes exports; Saudi GDP +3%; Ghana boosts refining capacity.
4 page report
9 June 2026